At 9:20 am (Brasilia time) this Tuesday (24), the May soybean contract traded on Chicago Stock Exchange (CBOT) It was operating with a moderate decline of 7.25 points and 0.62%, quoted at US$ cents 1,156.25/bushel. The July contract retreated 7.00 points and 0.59%, to US$ cents 1,172.00/bushel. Yesterday (23), futures advanced 0.19% and 0.21%, to US$ cents 1,163.00/bushel and US$ cents 1,179.00/bushel, respectively. This morning, soybean prices were pressured by the almost 1% drop in oilThe branMeanwhile, the index was operating in a stable, upward-biased position. It also reflected the strengthening of the dollar against major global currencies, with a 0.20% increase. DXYThis factor reduces the competitiveness of US exports. United States Department of Agriculture (USDA) The report announced yesterday that soybean inspections for export totaled 1.102 million tons in the week ending March 19, a volume higher than that recorded in the previous week and in the same period last year. In the accumulated total for the 2025/26 marketing year, which began on September 1st, US soybean shipments total 29.182 million tons, compared to 39.957 million tons in the same period of the previous cycle. The market is also keeping an eye on the postponement of the meeting between the presidents of the US and China, Donald Trump and Xi Jinping, which was scheduled for the end of this month. The expectation is that the two leaders may meet in five to six weeks and discuss new partnerships in the agricultural sector, especially involving the purchase of US soybeans. Recent data from Chinese customs shows that the Asian country unloaded 1.49 million tons of soybeans from the United States in the first two months of the year, a decrease of 85% compared to the same period last year. On the radar is the 2025/26 soybean harvest in Brazil, which is entering its final third, with expectations of a record crop remaining. DATAGRO Grains it projects a production of 182.5 million tons, above the 180 million tons forecast by USDAIn Argentina, harvesting has not yet begun. According to… Buenos Aires Cereal Exchange (BCBA)The rains recorded last week in much of the country’s agricultural area improved crop conditions before the start of work.
This text was translated by machine from Brazilian Portuguese.