At 9:26 am (Brasilia time) this Wednesday (27) the July soybean contract traded on Chicago Stock Exchange (CBOT) The futures contract was operating with a slight decrease of 2.00 points and 0.17%, quoted at US$ cents 1,184.00/bushel. The August contract retreated 1.50 points and 0.13%, to US$ cents 1,183.50/bushel. In the partial week, both assets accumulated losses, of 1.07% and 0.96%, in that order. On the previous day (25), the assets closed in negative territory, with a decrease of 0.88% for the July contract, to US$ cents 1,186.00/bushel, and of 0.84% for the August contract, to US$ cents 1,195.00/bushel. In the case of derivatives, the oil It fell 0.12%, while the bran It was up 0.21%. This morning, prices were pressured by the more advanced pace of planting for the 2026/27 crop in the United States. According to the weekly update of… U.S. Department of Agriculture (USDA)Soybean planting has reached 79% of the projected area, after advancing 12 percentage points in one week. Work is ahead of the same period last year (75%) and the multi-year average (68%).
USDA The forecast projects that U.S. producers will plant 34.27 million hectares of soybeans this season, a 4% increase compared to the previous cycle. Regarding weather conditions in the Corn Belt, the area encompassing soybean and corn crops, the U.S. National Weather Service (NWS) issued flood warnings for much of central and southern Ohio, as well as parts of Indiana and other states. In southern Indiana, there is a possibility of locally heavy rain today, which could result in localized flash flooding, the agency reported. On the other hand, international demand limited greater losses. Yesterday, the USDA reported that U.S. farmers shipped 572,000 tons of soybeans in the week ending May 21, a volume above market projections, which ranged from 350,000 to 500,000 tons.
This text was translated by machine from Brazilian Portuguese.