The July soybean contract traded on Chicago Stock Exchange (CBOT) The futures contract closed this Wednesday (27) stable with a downward bias (0.75 points and -0.06%), quoted at US$ cents 1,185.35/bushel; the August contract closed in negative territory (0.25 points and -0.02%), at US$ cents 1,184.75/bushel. For the week so far, both assets have accumulated losses, of 0.94% and 0.86%, respectively. In the case of derivatives, the bran and oil Prices rose 0.61% and 1.21%, respectively. In this trading session, 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. The work is ahead of the same period last year (75%) and the multi-year average (68%). USDA It is projected that US producers will plant 34.27 million hectares of soybeans this season, a 4% increase compared to the previous cycle. The significant drop in international oil prices, which reduces the competitiveness of grain and oilseed-based biofuels, also put pressure on assets. Regarding the weather in the Corn Belt, the area encompassing US soybean and corn crops, market participants are assessing the effects of rainfall. According to the climate bulletin from… USDARain and storms persist, mainly from central and southern Illinois to Ohio. “Parts of the southern Midwest of the US have become quite wet, causing delays in fieldwork. On May 24, soil moisture in agricultural areas of Ohio was 47% above average, and in Indiana and Missouri, 24%,” the document says. On the radar, the market is monitoring the progress of crops in South America, where the harvest is nearing completion in Brazil, as producers are prioritizing fieldwork in Argentina.
This text was translated by machine from Brazilian Portuguese.