At 11:02 am (Brasilia time) this Thursday (18), the July soybean contract traded on Chicago Stock Exchange (CBOT) The futures contract registered a moderate decline of 8.75 points and 0.75%, quoted at US$ cents 1,123.50/bushel, but with a gain of 0.90% for the week. The August contract, however, fell 7.75 points and 0.68%, to US$ cents 1,129.00/bushel – a weekly increase of 0.92%. In the case of derivatives, the… bran and the oil They fell by 1.28% and 2.59%, respectively.
Corn
The July corn contract traded on CBOT The Brazilian futures contract fell 4.25 points and 1.01%, trading at US$ cents 416.75/bushel, but with a weekly gain of 0.97%. The September contract fell 4.00 points and 0.93%, to US$ cents 425.50/bushel, but with a weekly gain of 1.13%.
Wheat
The July wheat futures contract traded in Chicago It rose 6.25 points and 1.02%, quoted at US$ cents 606.50/bushel, but with a partial increase of 3.76% for the week. Kansas City Bank Exchange (KCBT)Meanwhile, the grain fell 6.50 points and 1.00%, to US$ cents 646.00/bushel – a weekly increase of 1.89%.
Market fundamentals
This morning, the market continues to assess the effects of weather on the North American agricultural belt. According to weather forecasts, the Midwest is expected to receive significant amounts of rain in the coming days, favoring the development of soybean and corn crops. The U.S. National Weather Service (NWS) reported Flood warnings remain active in parts of northern Illinois due to recent excessive rainfall. Some rivers and tributaries have already overflowed, while more rain is expected between Saturday and Sunday in areas of the western and central parts of the state. In addition to the weather, the drop in oil prices is also contributing to pressure on agricultural prices, especially commodities linked to biofuel production. The market is monitoring preparations for the signing of a memorandum between the US and Iran that should pave the way for the resumption of traffic in the Strait of Hormuz, reducing risks to the global energy supply. Despite the negative bias, international demand continues to offer some support to prices. U.S. Department of Agriculture (USDA) The company announced separate sales of 132,000 tons of soybeans to China and another 120,000 tons to an undisclosed destination. A sale of 285,800 tons of corn to Mexico was also reported. In its weekly export sales report, the… USDA It reported sales of 425,000 tons of soybeans from the 2025/26 crop and 304,000 tons for 2026/27. For corn, sales of 1.157 million tons were recorded for the 2025/26 season and 519,000 tons for 2026/27. Wheat sales totaled 401,000 tons for the 2026/27 crop and another 27,000 tons for 2027/28.
This text was translated by machine from Brazilian Portuguese.