At 9:39 am (Brasilia time) this Monday (1st) the July soybean contract traded on Chicago Stock Exchange (CBOT) The futures contract registered a moderate increase of 7.25 points and 0.61%, quoted at US$ cents 1,194.00/bushel. The August contract advanced 5.75 points and 0.48%, to US$ cents 1,196.00/bushel. In the last session (29), the assets closed in negative territory, with a decrease of 0.65% for the July contract, at US$ cents 1,186.75/bushel, with a loss of 0.81% for the week and 0.73% for the month, and 0.73% for the August contract, at US$ cents 1,190.25/bushel, with a weekly decrease of 0.40%, but a monthly increase of 0.08%. In the case of derivatives, the oil and bran Brazilian oil prices were rising by 0.18% and 0.55%, respectively. This morning, prices were supported by the appreciation of oil in the international market, amidst increasing tensions in the Middle East. The rise in the energy commodity tends to favor the competitiveness of biofuels produced from oilseeds and grains. The market continues to monitor developments in the conflict involving the United States and Iran. While Washington maintained attacks classified as "self-defense" actions, Tehran claimed to have hit an air base used by US forces. President Donald Trump reiterated that an agreement is close, although the oil and agricultural commodity markets remain cautious about the effective resolution of the conflict. Meanwhile, the advance of Israeli military operations towards Lebanon has increased geopolitical concerns in the region. On the other hand, weather conditions remain favorable for US crops, limiting further gains. According to the US Drought Monitor, about 12% of the area comprising nine producing states, including Iowa and Illinois, faced drought conditions last week, slightly down from the 12.6% previously recorded and much lower than the 34% observed three months ago. Regarding the weather, the… US National Weather Service (NWS) It also issued severe storm and flood warnings for areas between central Missouri and southwestern Illinois. According to the agency, there is a risk of heavy rain and localized flooding, especially in central Missouri. On the radar, the The U.S. Department of Agriculture (USDA) will release Today we also provide weekly shipping data, as well as updates on the conditions and development stages of North American crops.
This text was translated by machine from Brazilian Portuguese.