Soybeans plunged nearly 3% in Chicago on Thursday.

The July soybean contract traded on Chicago Stock Exchange (CBOT) The futures contract closed this Thursday (14) with a significant drop of 36.50 points and 2.97%, quoted at US$ cents 1,192.50/bushel; the August contract fell 36.25 points and 2.74%, to US$ cents 1,190.25/bushel. In the partial week, the assets accumulate losses of 1.28% and 1.04%, in that order. Regarding derivatives, the bran and oil Prices fell 1.77% and 0.89%, respectively. In this trading session, the market was pressured by a profit-taking movement, after the gains recorded on Tuesday (12), but mainly by the frustration of agents in the absence of relevant announcements involving agricultural trade between the United States and China. President Donald Trump is on an official mission in Beijing until Friday (15), accompanied by executives from large American companies, including representatives from Cargill. Despite the discourse of cooperation between Trump and Chinese President Xi Jinping, analysts believe that Beijing is unlikely to significantly increase its purchases of American soybeans beyond the existing commitment to acquire 25 million tons of the oilseed. On the other hand, the market considers a possible increase in Chinese purchases of corn, sorghum, wheat and animal proteins from the USA. The weekly export data released by also weighed on prices. U.S. Department of Agriculture (USDA)According to the agency, net sales of soybeans from the 2025/26 crop totaled only 102,100 tons in the week ending May 7. This volume was the lowest of the current marketing year, falling 28% below the previous week and 60% below the average of the previous four weeks. In the field, the pace of planting in the US remains accelerated. By Sunday (May 10), approximately 49% of the area destined for 2026/27 soybeans had already been sown, above the historical average of 36% and also higher than that recorded in the same period of the previous cycle, of 45%. Regarding the weather in the Corn Belt — the main soybean and corn producing region of the US — the daily bulletin of USDA The report highlighted the contrast between the heat west of the Mississippi River and the persistent cold in the eastern part of the region. “Isolated frosts were observed this morning in the Great Lakes region, including parts of Wisconsin. Despite the cold weather in the central and eastern corn-producing region, planting activities are progressing,” the department reported. Investors are also monitoring developments in diplomatic tensions between the US and Iran in the Middle East, as well as the final stages of the soybean harvest in Brazil.

This text was translated by machine from Brazilian Portuguese.