Grain futures closed higher on the CBOT this Friday.

The July soybean contract traded on Chicago Stock Exchange (CBOT) The futures contract closed this Friday (8) with a strong increase of 15.75 points and 1.32%, quoted at US$ cents 1,208.00/bushel; the July contract rose 16.00 points and 1.35%, to US$ cents 1,202.75/bushel. For the week, the assets accumulated gains of 0.39% and 0.46%, respectively. Regarding derivatives, the oil and the bran They appreciated by 0.23% and 0.25%, respectively.

Corn

The July corn contract traded on CBOT The price advanced 3.75 points and 0.80%, quoted at US$ cents 471.25/bushel, but with a depreciation of 1.87% in the week; and the September contract rose 3.50 points and 0.74%, to US$ cents 477.75/bushel – a loss of 1.39% in the week.

Wheat

The July wheat futures contract traded in Chicago It rose 6.75 points and 1.10%, quoted at US$ cents 619.00/bushel. Kansas City Bank Exchange (KCBT)The grain advanced 8.50 points and 1.27%, to US$ cents 675.75/bushel. On the other hand, for the week, the assets depreciated 2.94% and 2.70%, respectively.

Market fundamentals.

In this trading session, the market underwent a position adjustment movement, especially among wheat and corn investors, in addition to reacting to the strong volatility in oil prices caused by the unfolding conflict in the Middle East. The United States stated it expects an Iranian response this Friday to its proposed peace agreement, while new clashes between American and Iranian forces were reported in the Strait of Hormuz region and attacks hit the United Arab Emirates. Regarding the weather, market participants continue to monitor the conditions of US crops. According to the daily bulletin from… U.S. Department of Agriculture (USDA)Persistent frosts were observed in the Great Lakes region, especially in Wisconsin and Michigan. Low temperatures continue to delay the germination of newly planted corn and soybeans in the Corn Belt, the main agricultural belt of the USA. In the Plains, a wheat-producing region, the drier and warmer weather keeps attention focused on the impacts of drought and extreme temperatures on winter crops and spring crops. For Monday (11), the market awaits the release of weekly US shipment data and an update on the conditions of US crops, both released by USDA.

This text was translated by machine from Brazilian Portuguese.