Soybeans closed sharply higher on the CBOT this Monday.

The July soybean contract traded on Chicago Stock Exchange (CBOT) closed this Monday (4) with a strong increase of 19.50 points and 1.62%, quoted at US$ cents 1,222.75/bushel; the July contract rose 18.75 points and 1.61%, to US$ cents 1,216.00/bushel. Regarding derivatives, the oil and bran Prices rose by 0.60% and 1.82%, respectively. In this trading session, prices benefited from gains in derivatives, mainly oil, given the significant appreciation of petroleum in the international market, which makes biofuels made from oilseeds and grains more competitive. Regarding the weather in the Corn Belt region of the United States, an area dedicated to soybean and corn crops in the country, the… National Weather Service (NWS) It was reported that strong winds and dry weather are arriving in the region, with the possibility of dust storms and a risk of wildfires in parts of northern Illinois and Indiana throughout the day. Regarding demand for US soybeans, the weekly export report… U.S. Department of Agriculture (USDA) It pointed to shipments of 450,000 tons in the week ending April 30, a volume in line with market projections of between 400,000 and 700,000 tons. Later, the USDA will report the latest week’s update on the stages and conditions of U.S. crops.

This text was translated by machine from Brazilian Portuguese.