The August soybean contract traded on Chicago Board of Trade (CBOT) The futures contract closed this Friday (10) with a strong increase of 14.00 points and 1.19%, quoted at US$ cents 1,191.75/bushel; the September contract rose 11.25 points and 0.96%, to US$ cents 1,181.25/bushel. For the week, futures accumulated gains of 4.88% and 3.98%, respectively. As for derivatives, the oil and the bran Soybean prices rose 0.77% and 0.95%, respectively. In this trading session, market participants reacted to new data from the monthly supply and demand report (WASDE) of the United States Department of Agriculture (USDA). The USDA projects that US producers will harvest 121.79 million tons of soybeans in the 2026/27 crop year, a 5% annual increase compared to the 115.99 million tons produced in 2025/26 and the highest volume in the historical series. Despite the record volume, the document showed a reduction in stocks from the 2025/26 crop year and the maintenance of projected stocks for the new season. Furthermore, larger-than-expected cuts in global stocks for both crop years reinforced the upward trend. Strong international demand, especially from the Chinese market, also supported prices. The USDA reported the individual sale of 264,000 tons of soybeans to the Asian country. This week, the department announced three separate sales in total to China. Regarding the weather in the Corn Belt, the area encompassing soybean and corn crops in the US, the USDA's daily bulletin reported that rain and storms are occurring mainly in the agricultural production areas of the south and west. "Temperatures and soil moisture levels remain largely favorable for corn and soybeans, with exceptions mainly related to excess moisture," it highlighted. For Monday (13), investors await the weekly bulletins from USDA of shipments and updates on crop conditions and stages.
This text was translated by machine from Brazilian Portuguese.