Agricultural contracts are trading lower on the CBOT this Friday morning.

At 9:44 am (Brasilia time) this Friday (24), the August soybean contract traded on Chicago Stock Exchange (CBOT) The Brazilian futures contract registered a slight decrease of 2.50 points and 0.20%, quoted at US$ cents 1,235.00/bushel, with a gain of 2.53% for the week so far. The September contract, however, fell 3.50 points and 0.28%, to US$ cents 1,227.50/bushel – with a weekly increase of 2.85%. In the case of derivatives, the… oil It was losing 1.26%, while the bran It was stable.

Corn

The July corn contract traded on CBOT The Brazilian futures contract fell 5.50 points and 1.19%, trading at US$ cents 458.50/bushel, but with a partial weekly gain of 3.09%. The September contract fell by the same amount, to US$ cents 482.00/bushel, but with a weekly gain of 3.10%.

Wheat

The July wheat futures contract traded in Chicago It plummeted 21.75 points and 3.12%, quoted at US$ cents 674.50/bushel, with a partial decline of 1.21% for the week. Kansas City Bank Exchange (KCBT)The grain was down 19.50 points and 2.57%, at US$ cents 740.25/bushel – a weekly increase of 1.09%.

Market fundamentals

This morning, the market was pressured mainly by profit-taking after the series of gains seen in recent trading sessions. Another bearish factor was the drop of more than 3% in international oil prices, a movement that reduces the competitiveness of biofuels produced from soybeans and corn and diminishes support for the prices of these grains. On the other hand, the intense heat wave over important agricultural regions of the United States continues to limit losses. National Weather Service (NWS) Extreme heat warnings are in effect from central Minnesota to southern Missouri, covering part of the corn and soybean producing belt. Warnings also extend from Wyoming to central Iowa and from northern Nebraska to central Texas. In the Southern Plains, where important wheat-producing areas are concentrated, the forecast continues to indicate high temperatures. In parts of Montana, thermometers could reach around 39°C. On the demand side, the market continues to react to the weekly export sales data released on Thursday (23) by U.S. Department of Agriculture (USDA)In soybeans, 56,000 tons of the 2025/26 crop and 1.537 million tons of the 2026/27 crop were traded, both volumes within market expectations. For corn, sales of the old crop totaled 333,000 tons, below analysts' projections, while the 702,000 tons traded from the new crop were in line with expectations. For wheat, sales of the 2026/27 season totaled 290,000 tons, also within market estimates.

This text was translated by machine from Brazilian Portuguese.