The July soybean contract traded on Chicago Stock Exchange (CBOT) It closed this Tuesday (2) with a sharp drop of 15.50 points and 1.31%, quoted at US$ cents 1,165.25/bushel. The August contract fell 16.00 points and 1.35%, to US$ cents 1,169.00/bushel. Regarding derivatives, the bran and oil They fell 0.09% and 0.86%, respectively. In this trading session, the market reacted mainly to the most recent data from… United States Department of Agriculture (USDA)The data showed accelerated progress in the planting of the 2026/27 crop. According to the agency, 87% of the planned area has already been planted, a rate higher than that observed in the same period last year and also above the average of the last five years. Furthermore, 66% of the crops were classified as good or excellent, practically stable compared to the 67% recorded the previous week. Weather conditions remain favorable for crop development. According to the meteorological bulletin… USDAThe Corn Belt continues to experience predominantly dry weather, although isolated showers are occurring in some areas of the southwestern region. US National Weather Service (NWS) The report indicated the possibility of storms in parts of South Dakota, Minnesota, and Iowa, which could contribute to maintaining soil moisture and sustaining the productive potential of crops. Another factor putting pressure on the market came from expectations of ample global supply. In addition to the positive outlook for the North American harvest, investors are monitoring the final stages of the record harvest in Brazil, estimated by [source missing]. DATAGRO in 183 million tons. In Argentina, fieldwork is also progressing, with production projected by Buenos Aires Grain Exchange (BCBA) in 50.1 million tons.
This text was translated by machine from Brazilian Portuguese.