At 10:15 am (Brasilia time) this Wednesday (10), the July soybean contract traded on the Chicago Stock Exchange (CBOTThe Brazilian soybean futures contract registered a moderate increase of 6.75 points and 0.61%, quoted at US$ cents 1,120.50/bushel; the August contract rose 6.25 points and 0.56%, to US$ cents 1,125.00/bushel. However, for the week, the contracts accumulated losses of 0.10%. Regarding derivatives, soybean meal and soybean oil advanced 0.86% and 0.27%, respectively.
Corn
At the same time, the July corn contract traded on the CBOT was up 2.50 points and 0.60%, quoted at US$ 422.00 cents/bushel, with a weekly gain of 1.08%. The September contract advanced 3.00 points and 0.70%, to US$ 430.50 cents/bushel, with a weekly gain of 0.82%.
Wheat
The July wheat contract traded in Chicago rose 9.00 points and 1.54%, quoted at US$ cents 594.25/bushel. On the Kansas City Board of Trade (KCBT), the same month's contract recorded a gain of 6.00 points and 0.95%, at US$ cents 636.75/bushel. For the week, the futures accumulated gains of 2.46% and 2.58%, respectively.
What is affecting the markets?
Investor attention remains focused on weather conditions across the main producing regions of the United States. According to the daily weather bulletin from the United States Department of Agriculture (USDA), in the Plains, the main wheat-growing region, unstable weather continues to provide limited relief from the drought in the northern half of the region. "Colder air is moving over the Northern Plains, but intense heat persists in Colorado and Kansas. Temperatures above 38°C will again hit some locations in the central and southern High Plains today, following highs of 39°C recorded yesterday in Guymon (Oklahoma) and Garden City (Kansas)," states the USDA. Meanwhile, in the Corn Belt, the main corn and soybean producing region, dry weather prevails from the middle Mississippi Valley to Michigan, during a break between storm systems. However, a new round of rain showers and thunderstorms is spreading across the upper Midwest. "Most of the region's corn and soybean crops continue to have adequate moisture, with topsoil moisture on June 7 ranging from 40%, classified as very low to low in Michigan, to 32% above normal in Missouri," the department details. Soybean and corn planting in the Corn Belt is virtually complete, with crop phenological development ahead of the average of recent years. Overall, crop conditions are satisfactory, although slightly worse than observed at the same time last season. Wheat, however, presents a heterogeneous picture: while the winter cereal continues to have significantly lower conditions than in 2025 – only 25% of the area in good or excellent condition, compared to 54% last year – the spring crop shows a more favorable outlook, with conditions in line with the previous year and development stages within expectations. Tomorrow (11), the USDA will publish the monthly supply and demand report (Wasde), as well as export sales records for the week ending June 4. The DXY – an index that compares the strength of the dollar against major global currencies – fell 0.11% this morning. Meanwhile, oil – which influences the competitiveness of US biofuels produced from grains and oilseeds – rose more than 1%, with the market attentive to developments in the conflict in the Middle East.
This text was translated by machine from Brazilian Portuguese.