Grain futures closed sharply lower on the CBOT on Monday.

The July soybean contract traded on Chicago Stock Exchange (CBOT) closed this Monday (29) with a sharp drop of 17.50 points and 1.55%, quoted at US$ cents 1,108.50/bushel; the July contract fell 17.25 points and 1.52%, to US$ cents 1,119.25/bushel. Regarding derivatives, the oil and the bran They depreciated by 3.13% and 0.75%, respectively.

Corn

The July corn contract traded on CBOT It fell 10.75 points and 2.60%, quoted at US$ cents 402.00/bushel; and the September contract retreated 11.50 points and 2.73%, to US$ cents 410.25/bushel.

Wheat

The July wheat futures contract traded in Chicago It fell 8.75 points and 1.51%, quoted at US$ cents 569.50/bushel. Kansas City Bank Exchange (KCBT)The grain retreated 11.00 points and 1.80%, to US$ cents 600.00/bushel. Tomorrow (30), market attention will be focused on planted area and stock reports. United States Department of Agriculture (USDA)The prevailing expectation is that the department will revise downward its estimate of acreage planted with corn and raise its projection for soybeans, reflecting a shift by some U.S. producers from corn to soybeans.

This text was translated by machine from Brazilian Portuguese.