At 9:34 am (Brasilia time) this Tuesday (14), the August soybean contract traded on Chicago Board of Trade (CBOT) The Brazilian futures contract was trading slightly lower, down 4.75 points and 0.40%, at US$ cents 1,192.00/bushel. The September contract was down 6.25 points and 0.53%, at US$ cents 1,179.00/bushel. As for derivatives, the… bran It was losing 0.63%, while the oil It was up 0.29%.
Corn
The September corn contract traded in Chicago It depreciated by 5.25 points and 1.19%, quoted at US$ cents 435.75/bushel; the December contract fell by the same amount, to US$ cents 457.75/bushel.
Wheat
The September wheat contract traded in CBOT It was down 3.50 points and 0.55%, quoted at US$ cents 631.75/bushel. Kansas City Bank Exchange (KCBT)Meanwhile, the contract expiring in the same month was down 4.50 points and 0.68%, at US$ cents 661.75/bushel.
Market fundamentals
This morning, the oilseed complex was under pressure from improved crop conditions in the United States, as well as the advancement of crop stages, according to a weekly report. from the U.S. Department of Agriculture (USDA)According to the weekly report of USDAAccording to data released on Monday (July 13), 65% of US soybean crops were rated as good or excellent in the week ending July 12. For corn, this percentage reached 68%, while for spring wheat it reached 58%. All three crops showed improvement compared to the previous week. The advancement of crop stages also pressured the market. For soybeans, 50% of the areas were already in bloom, above the historical average of 44%, while 19% of the crops had reached the pod formation stage, compared to the average of 13%. For corn, 34% of the areas were in pollination, above the 30% recorded in the same period last year, while 6% of the crops had already reached the grain filling stage ("dough"), compared to 5% in 2025. For wheat, the USDA It was reported that 72% of the spring wheat crop had reached the heading stage, in line with the average of the last five years. The winter wheat harvest advanced to 67% of the area, compared to 59% the previous week. In the field, the US National Weather Service (NWS) It was reported that intense heat will continue to prevail across much of the northern region of the country, with heat indices reaching up to 37°C. Extreme heat alerts have been issued from central Montana to Michigan's Upper Peninsula. The agency also issued extreme fire risk alerts for northwestern Nebraska, where temperatures near 35°C, combined with relative humidity around 12%, are expected to create critical conditions for the spread of fires. Losses, however, were partially limited by the devaluation of the dollar against major global currencies, with the index DXY The decline of 0.64% improved the competitiveness of US exports. The rise in oil prices also supported the grain sector by boosting demand for biofuels. Another factor monitored by the market was the release of data from… General Administration of Customs of China (GACC)China reported imports of 13.547 million tons of soybeans in June 2026. This volume was the highest ever recorded for the month and the second highest in the historical series, reinforcing the strong pace of Chinese demand for the oilseed.
This text was translated by machine from Brazilian Portuguese.