Driven by soybean meal, soybeans closed higher on Friday.

The May soybean contract in Chicago Board of Trade (CBOT) It closed this Friday (10) with a moderate increase of 10.50 points and 0.90%, quoted at US$ 1,175.75/bushel; the July contract rose 10.25 points and 0.87%, to US$ 1,191.25/bushel. For the week, the assets accumulated gains of 1.05% and 0.95%, respectively. Regarding derivatives, the bran Soybean prices jumped 4.47%, while oil prices fell 0.90%. In this trading session, prices were boosted by strong international demand. Today, the United States Department of Agriculture (USDA) reported the sale of 100,000 tons of soybean meal to Italy, with delivery scheduled for the 2025/26 marketing year. The depreciation of the dollar against major global currencies also supported prices, with the DXY falling 0.16%, favoring US shipments. Furthermore, the market also reacted to the report… Wasde In April, US production remained at 115.99 million tons and ending stocks at 9.52 million tons. The main revisions were in exports, reduced to 41.91 million tons, and in crushing, increased to 71.03 million tons, indicating higher domestic consumption. This movement is related to the new renewable fuels guidelines in the US, recently approved by… Country’s Environmental Protection Agency (EPA) which tend to expand the use of soybean oil-based biofuels, reinforcing the demand for the oilseed. On the radar, market participants are following the peace negotiations between the US and Iran in the Middle East, as the meeting between US President Donald Trump and Chinese leader Xi Jinping approaches in May.

This text was translated by machine from Brazilian Portuguese.