The August soybean contract traded on Chicago Board of Trade (CBOT) The Brazilian futures contract closed this Monday (22) with a strong increase of 13.50 points and 1.11%, quoted at US$ cents 1,233.00/bushel; the September contract advanced 15.50 points and 1.28%, to US$ cents 1,226.00/bushel. In the partial week, the maturities accumulate gains of 2.37% and 2.72%, in this order. As for derivatives, the oil and the bran They increased in value by 1.59% and 1.50%, respectively.
Corn
The September corn contract finished with gains of 9.25 points and 2.04% in ChicagoThe futures contract, quoted at US$ cents 462.00/bushel, showed a partial weekly gain of 3.88%. The December contract rose 9.50 points and 2.00%, to US$ cents 484.75/bushel – with a weekly gain of 3.69%.
Wheat
The September wheat contract traded in CBOT It jumped 27.75 points and 4.09%, trading at US$ cents 705.75/bushel. Kansas City Bank Exchange (KCBT)Meanwhile, the contract expiring in the same month rose 30.50 points and 4.16%, to US$ cents 763.50/bushel. On a weekly basis, the contracts have accumulated gains of 3.37% and 4.27%, respectively.
Market fundamentals
In this trading session, the upward movement was mainly driven by the escalation of geopolitical tensions. The approach of oil prices to US$95 per barrel reinforced expectations of greater competitiveness for biofuels produced from soybeans and corn, increasing interest in these grains. In the wheat market, the intensification of the conflict between Russia and Ukraine increased concerns about global supply. The Russian Ministry of Defense reported new attacks against ports and military infrastructure in the Odessa region, an important logistics corridor for grain exports in the Black Sea, increasing the perception of risk to exports from the region. Furthermore, the first stage of the traditional wheat crop assessment tour organized by the U.S. Wheat Quality Council indicated lower productivity than observed last year. The estimated average in 87 evaluated fields was 45.9 bushels per acre, below the nearly 50 bushels per acre recorded on the same route in 2025. Regarding the climate, the U.S. Department of Agriculture (USDA) It was reported that the Corn Belt continues to experience predominantly mild and dry weather, a condition that reduces the impacts of lower soil moisture on crops. In the High Plains, however, heat continues to prevail in several areas, especially in eastern Colorado and the southern plains, maintaining water stress on pastures and some summer crops. On Thursday's agenda (23), the market will follow the release of weekly export sales data and the update of the drought monitor for US crops, both published by USDA.
This text was translated by machine from Brazilian Portuguese.