The July soybean contract traded on Chicago Stock Exchange (CBOT) The futures contract closed this Wednesday (13) with a slight increase of 2.25 points and 0.18%, quoted at US$ cents 1,229.00/bushel; the August contract rose 1.75 points and 0.14%, to US$ cents 1,223.50/bushel. In the partial week, the assets accumulate gains of 1.74% and 1.73%, in that order. Regarding derivatives, the bran It jumped 3.08%, reflecting the news that Argentina suspended soybean crushing and sunflower receiving operations at a factory in Santa Fe. Bucking the gains, the oil fell 1.38%. In this trading session, prices followed the significant appreciation of soybean meal, as market agents remain optimistic that the trip of US President Donald Trump to China will result in trade agreements that expand sales of US agricultural products to the Asian giant. The Republican arrives in China today and is accompanied by a number of CEOs of large US companies and has confirmed agendas between today and Friday (15). Furthermore, the market continued to react to the data from Monthly Supply and Demand Report (WASDE) from the U.S. Department of Agriculture (USDA)which brought the first official projections for the 2026/27 crop year. For 2025/26, the agency reduced its final US soybean stocks to 9.25 million tons, below market expectations. For 2026/27, the USDA The report projected production and inventories lower than expected by market participants, both in the US and globally. The US harvest was estimated at 120.70 million tons, with ending stocks of 8.44 million tons. Despite the upward bias, the projected production would still be the second largest in the country's history, behind only the 2021/22 season. Regarding the weather in the Corn Belt, the main soybean and corn producing area in the US, the daily bulletin… USDA It was reported today that temperatures remain near or below normal in areas east of the Mississippi River, while heat advances over the producing regions of the west of the country. “The dry weather is allowing an accelerated pace of planting of summer crops; as of May 10, 57% of the area destined for corn and 49% of the area destined for soybeans had already been planted in the US,” the department highlighted. On the radar, investors are assessing oil prices in the international market, as the Strait of Hormuz remains paralyzed. For tomorrow (14), the USDA It reports weekly export sales, as well as updates on drought conditions in US crops.
This text was translated by machine from Brazilian Portuguese.