At 10:02 am (Brasilia time) this Monday (6), the August soybean contract traded on Chicago Stock Exchange (CBOT) The September futures contract rose 31.25 points and 2.75%, quoted at US$ cents 1,167.50/bushel. The September contract advanced 32.75 points and 2.88%, to US$ cents 1,168.75/bushel. In the last session (2), futures closed in positive territory, with gains of 0.26% and 0.05%, quoted at US$ cents 1,136.25/bushel and US$ cents 1,136.00/bushel, respectively. For the week, the assets accumulated losses of 0.02% and 0.48%, in that order. In the case of derivatives, the bran and the oil Soybean prices rose 1.90% and 1.81%, respectively. This morning, investors returned from the holiday in the United States with a greater appetite for risk, monitoring the possibility of a resumption of Chinese purchases of US soybeans and the evolution of the weather in the Corn Belt, the country's main soybean and corn producing region. A heat wave hit large areas of the central and eastern US over the weekend. Although the main agricultural regions escaped the most extreme temperatures and should receive rain in the coming days, the market remains attentive to crop conditions on the eve of the critical period for crop development. According to the daily bulletin of… U.S. Department of Agriculture (USDA)Temperatures have receded to near or slightly below average levels across much of the Corn Belt. "The milder weather is benefiting corn and soybean crops entering their reproductive phase. However, a heatwave over the western portion of the Corn Belt will raise maximum temperatures to around 32°C, primarily in Nebraska and South Dakota," the report stated. USDAThe gains, however, were partially limited by the appreciation of the dollar against the main global currencies, with the DXY rising 0.18%, which reduces the competitiveness of US exports. Also on Monday, the USDA will publish the weekly shipments report and updated bulletins with the stages of development and conditions of US crops. The week will also be marked by the release, on Friday (10), of the monthly supply and demand report.
This text was translated by machine from Brazilian Portuguese.