Profit-taking and the devaluation of oil pressured prices. The July soybean contract traded on Chicago Stock Exchange (CBOT) It closed this Friday (29) with a moderate drop of 7.75 points and 0.65%, quoted at US$ cents 1,186.75/bushel, with a loss of 0.81% for the week and 0.73% for the month. The July contract fell 5.75 points and 0.48%, to US$ cents 1,190.25/bushel – a weekly drop of 0.40%, but a monthly increase of 0.08%. Regarding derivatives, the bran It fell 1.29%, while the oil It rose 1.33%. In this trading session, the market was pressured by the fall in international oil prices, reducing the competitiveness of biofuels produced from grains and oilseeds. Favorable weather for North American crops also contributed to the downward movement. According to the daily bulletin of United States Department of Agriculture (USDA)Conditions remain positive for planting and crop development in the Corn Belt, the main soybean and corn producing region in the United States. On the demand side, the USDA The company released weekly export sales data for the week ending May 21. Sales for the 2025/26 crop totaled 300,000 tons, while sales for the 2026/27 season reached 138,000 tons. Both results were within market expectations. Next Monday (June 1st), agents will be watching the release of weekly US shipment data, as well as updates on crop conditions and stages in the US.
This text was translated by machine from Brazilian Portuguese.