Soybeans are trading lower on the CBOT this Tuesday morning.

At 9:27 am (Brasilia time) this Tuesday (5), the July soybean contract traded on Chicago Stock Exchange (CBOT) The futures contract was operating with a slight decrease of 5.00 points and 0.41%, quoted at US$ cents 1,217.75/bushel. The August contract was down 5.25 points and 0.43%, at US$ cents 1,210.75/bushel. In the case of derivatives, the oil lost 0.31%, while soybean meal showed an upward bias (+0.06%). On the previous day (4), the assets closed the day in positive territory, with a 1.62% increase for the July contract, at US$ cents 1,222.75/bushel, and a 1.61% increase for the August contract, at US$ cents 1,216.00/bushel. This morning, prices were pressured by the progress in fieldwork in the United States. According to the country's Department of Agriculture (USDA)Soybean planting for the 2026/27 season has reached 33% of the projected area, after advancing 10 percentage points in one week. This activity is above last year's level (28%) and the average of the last five years (23%). USDA It projects that US producers will plant 34.27 million hectares with soybeans this season, a 4% increase compared to the previous cycle. Regarding weather conditions in the Corn Belt, the area where soybean and corn crops are grown in the US, the daily bulletin from… USDA The report stated that last night's storms caused isolated wind and hail damage in and around Illinois. "A cooler air mass is accompanying the rain, which persists into early this morning in the southern part of the region; frost was reported this morning across much of northern Minnesota and the Dakotas," the document said. Regarding international demand, the… USDA The report indicated that 450,000 tons of soybeans were shipped in the week ending April 30, a volume in line with market projections of between 400,000 and 700,000 tons. Market participants are closely monitoring the volatility of international oil prices, reflecting the uncertainties of the military conflict in the region. Commodity prices are being closely watched by market participants, given their competitiveness with grain and oilseed-based biofuels.

This text was translated by machine from Brazilian Portuguese.