At 9:33 am (Brasilia time) this Thursday (23), the May soybean contract traded on Chicago Stock Exchange (CBOT) The May futures contract advanced 1.75 points and 0.15%, quoted at US$ cents 1,162.75/bushel; the July contract retreated 1.25 points and 0.11%, to US$ cents 1,178.25/bushel. For the week so far, the assets have accumulated losses of 0.39% and 0.40%, respectively. On the previous day (22), the maturities closed in negative territory, with a decrease of 0.85% for the May contract, at US$ cents 1,164.50/bushel, and 0.90% for the July contract, at US$ cents 1,179.50/bushel. As for derivatives, the oil It depreciated by 0.42% and the bran It was up 0.47%. This morning, prices remain pressured by the progress of planting in the United States. According to… U.S. Department of Agriculture (USDA)Planting for the 2026/27 crop reached 12% of the planned area, a weekly increase of 6 percentage points. This pace is above the 7% recorded in the same period last year and the 6% average of the last five years. The total projected area is 34.27 million hectares, a 4% increase compared to the previous crop. Also weakening prices was the appreciation of the dollar against major global currencies, with a 0.09% increase in the DXY, which reduces the competitiveness of US exports. In the international scenario, the… International Grains Council (IGC) The global soybean production forecast for 2025/26 has been adjusted from 442 million to 441 million tons, signaling a slight reduction in supply. Investors are also monitoring negotiations between the US and Iran. The rise in oil prices—with Brent crude above US$100 per barrel—tends to favor demand for biofuels, indirectly impacting the oilseed market. On the radar, the market awaits the release of weekly export sales data. USDA.
This text was translated by machine from Brazilian Portuguese.