The August soybean contract traded on Chicago Board of Trade (CBOT) It closed this Tuesday (14) with a slight decrease of 4.00 points and 0.33%, quoted at US$ cents 1,192.75/bushel; the September contract retreated with the same intensity, to US$ cents 1,181.25/bushel. As for derivatives, the oil It fell 0.58%, while the bran closed with an upward bias (+0.06%). Tomorrow (15), the National Association of Oilseed Processors (NOPA) reports on soybean crushing in the country in the month of June.
Corn
The September corn contract fell 2.50 points and 0.57% in ChicagoThe December futures contract fell 2.75 points and 0.59%, to US$ 460.50 cents/bushel. The December contract lost 2.75 points and 0.59%, to US$ 460.50 cents/bushel.
Wheat
The September wheat contract traded in CBOT It rose 9.75 points and 1.53%, trading at US$ cents 645.00/bushel. Kansas City Bank Exchange (KCBT)Meanwhile, the contract expiring in the same month rose 11.75 points, or 1.48%, to US$ cents 666.25/bushel.
Market fundamentals
In this trading session, soybean and corn prices were pressured by improved crop conditions in the United States, as indicated in the weekly report. United States Department of Agriculture (USDA)According to the survey, 65% of soybean crops and 68% of corn areas were classified as good or excellent in the week ending July 12, both showing improvement compared to the previous week. The progress in crop development also reinforced the pressure on prices. In soybeans, 50% of the areas were already in bloom, above the historical average of 44%, while 19% had reached the pod formation stage, compared to the average of 13%. In corn, 34% of the crops were in pollination, above the 30% recorded in the same period of 2025, while 6% had already reached the grain filling ("dough") stage, compared to 5% last year. Furthermore, the USDA It was reported that the predominantly dry weather in the Corn Belt continues to favor crop development, even with the intensification of temperatures in the northern producing regions. In the wheat market, the scenario was different. Prices were supported by restrictions on navigation in the Sea of Azov, a route through which about a quarter of Russian grain exports flow. Security limitations, resulting from recent Ukrainian attacks against oil tankers and commercial vessels in the region, raised concerns about global supply and increased the competitiveness of US wheat. USDA It also 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 cultivated area, compared to 59% the previous week. In the Great Plains, the main wheat-producing regions, the extreme heat continues to be a concern. Although a cold front brought isolated rain showers to Montana, temperatures remained exceptionally high in the northern part of the region. In North Dakota, for example, thermometers reached 40.6°C in Bismarck and 39.4°C in Dickinson the day before (13). According to the USDAThis heat occurs at a critical time for spring wheat and barley, which are going through the grain-filling stage, and could compromise the productive potential of the crops.
This text was translated by machine from Brazilian Portuguese.