At 9:51 am (Brasilia time) this Friday (15) the July soybean contract traded on Chicago Stock Exchange (CBOT) The futures contract registered a sharp drop of 12.50 points and 1.05%, quoted at US$ cents 1,180.00/bushel, with a loss of 2.32% for the week. The August contract fell 12.00 points and 1.01%, to US$ cents 1,177.75/bushel – a weekly devaluation of 2.08%. In the case of derivatives, the bran and the oil They fell by 0.99% and 0.20%, respectively. Later, the National Association of Oilseed Processors (NOPA) This report details soybean crushing data in the United States for the month of April.
Corn
The July corn contract traded on CBOT The Brazilian futures contract fell 5.75 points and 1.23%, trading at US$ cents 461.75/bushel. The September contract showed a loss of 5.50 points and 1.16%, at US$ cents 468.75/bushel. The assets have accumulated a depreciation of 2.02% and 1.88%, respectively, so far this week.
Wheat
The July wheat futures contract traded in Chicago It was down 10.50 points and 1.60%, trading at US$ cents 647.50/bushel, but with a gain of 4.60% for the week so far. Kansas City Bank Exchange (KCBT)Meanwhile, the contract expiring in the same month fell 11.00 points and 1.56%, to US$ cents 694.25/bushel – a weekly increase of 2.74%.
Market fundamentals
This morning, the main factor putting pressure on the market, especially for soybeans, was investors' disappointment with the absence of relevant agricultural agreements between the United States and China. US President Donald Trump landed in Beijing on Wednesday (13), accompanied by executives from major US companies, for bilateral meetings with President Xi Jinping. However, so far, the meetings have ended without concrete announcements involving the expansion of Chinese purchases of US agricultural commodities. US Treasury Secretary Scott Bessent stated that China had already closed a major soybean purchase agreement during the last meeting between Trump and Xi in October 2025, adding that "the supply of soybeans is practically guaranteed." The statements were interpreted by the market as a negative signal for possible additional demands for US soybeans. In foreign trade, the U.S. Department of Agriculture (USDA) The report indicated that net sales for the 2025/26 crop totaled 102,100 tons of soybeans, 684,800 tons of corn, and 113,500 tons of wheat in the week ending May 7. Soybean sales were the lowest of the current marketing year, while corn sales fell short of market expectations. Only wheat showed performance in line with analysts' projections. The market continues to closely monitor the progress of corn and soybean planting in the Corn Belt, as well as the development of winter wheat. In its daily weather bulletin, the USDA He highlighted that the advancing heat in the corn belt should favor the germination and development of newly planted crops. Meanwhile, in the Great Plains, a wheat-producing region, the market is monitoring dust storms coming from the Canadian border, as well as the increased risk of wildfires amidst intense heat, drought, low humidity, and strong winds. Also on the radar is the increase in diplomatic tensions between the US and Iran, a scenario that keeps the Strait of Hormuz blocked and influences the volatility of oil in the international market.
This text was translated by machine from Brazilian Portuguese.