The July soybean contract traded on Chicago Stock Exchange (CBOT) closed this Monday (11) with a slight increase of 5.00 points and 0.41%, quoted at US$ cents 1,213.00/bushel; the August contract rose 5.25 points and 0.44%, to US$ cents 1,208.00/bushel. Regarding derivatives, the bran It appreciated by 1.60%, while the oil The market fell 0.78%. In this trading session, the market reacted optimistically to the visit of US President Donald Trump to China this week for meetings with President Xi Jinping. The expectation is that the meeting will result in new trade agreements involving US agricultural commodities. This will be the first trip by a US president to the Asian country since 2017. Last year, the two leaders had already reached an agreement to expand Chinese purchases of US soybeans. In the field of international demand, the U.S. Department of Agriculture (USDA) It was reported that weekly US soybean shipments totaled 655,000 tons in the week ending May 7, a volume higher than the previous week and in line with market expectations. Regarding the weather, the… USDA The report highlighted the occurrence of frosts and freezes in parts of the upper Midwest of the US, including regions of northern Iowa in the Corn Belt — the country's main soybean and corn producing belt. "Although much of the Midwest has adequate soil moisture, the ongoing cold wave is delaying the emergence and growth of newly planted corn and soybeans," the department stated in a daily bulletin. Soon, the USDA will send an update on crop conditions and stages in the last week. In addition, the market remains attentive to the Middle East after Trump rejected, on Sunday (10), the peace proposal presented by Iran, classifying the terms as “totally unacceptable”. Tensions have once again boosted oil prices in the international market, favoring the competitiveness of biofuels produced from grains and oilseeds. Brent It was approaching US$105 per barrel, while the WTI It was trading near US$100. For tomorrow (12), investors are waiting for the release of Monthly report on global supply and demand (WASDE) of USDA, which will provide the first official projection for the 2026/27 North American crop.
This text was translated by machine from Brazilian Portuguese.