The July soybean contract traded on Chicago Stock Exchange (CBOT) The futures contract closed this Wednesday (6) with a sharp drop of 16.75 points and 1.40%, quoted at US$ cents 1,194.75/bushel; the August contract fell 16.00 points and 1.33%, to US$ cents 1,189.00/bushel. In the partial week, both assets accumulate losses of 0.71% and 0.69%, in that order. Regarding derivatives, the oil and the bran Prices fell by 2.46% and 0.97%, respectively. In this trading session, prices were pressured by the drop in oil prices on the international market, given news that the United States and Iran were close to a truce in the Middle East. The fall in the energy commodity directly affects the agricultural market, considering the use of grains and oilseeds in the production of biofuels. The progress of fieldwork in the Corn Belt, the area encompassing US soybean and corn crops, also contributed to lower prices. According to… U.S. Department of Agriculture (USDA)The planting of soybeans for 2026/27 reached 33% of the projected area last Sunday (3), after advancing 10 percentage points in a week. Activities are above that recorded last year (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, the daily weather bulletin from… USDA It reported the persistence of cold temperatures and rain in the region. “In fact, frost and sub-zero temperature warnings are in effect today in parts of the northern region, extending to northern Iowa. Although 13% of US corn and soybeans had already germinated by May 3, most of the germination occurred in the southern region,” the document said. Tomorrow (7), the USDA It publishes the weekly export sales report, as well as an update on drought conditions in North American crops.
This text was translated by machine from Brazilian Portuguese.