Soybeans and corn closed higher on the CBOT this Thursday.

The July soybean contract traded on Chicago Stock Exchange (CBOT) It closed this Thursday (28) with a moderate increase of 9.25 points and 0.78%, quoted at US$ cents 1,194.50/bushel, but with a loss in the partial week of 0.17%. The July contract rose 11.25 points and 0.95%, to US$ cents 1,196.00/bushel – a weekly gain of 0.08%. Regarding derivatives, the oil and the bran They appreciated by 1.91% and 1.06%, respectively.

Corn

The July corn contract traded on CBOT The Brazilian futures contract advanced 3.50 points and 0.77%, quoted at US$ cents 456.00/bushel, but with a depreciation of 1.57% in the week; and the September contract advanced 4.50 points and 0.98%, to US$ cents 464.25/bushel – a decline of 1.17% in the week.

Wheat

The July wheat futures contract traded in Chicago It closed stable with an upward bias (0.25 points and +0.04%), quoted at US$ cents 622.75/bushel, but with a depreciation of 3.64% in the partial week. Meanwhile… Kansas City Bank Exchange (KCBT)The grain fell 5.25 points and 0.78%, to US$ cents 664.50/bushel – a weekly loss of 2.57%.

Market fundamentals

In this trading session, the market reacted to the strong volatility of oil in the international market, a factor that directly influences the competitiveness of biofuels produced from grains and oilseeds. The 0.22% drop in the DXY index, which measures the strength of the dollar against major global currencies, also supported agricultural commodities, favoring US exports. On investors' radar, the… United States Department of Agriculture (USDA) will release this Friday (29) the weekly export sales report. In the field, the USDA The agency reported that weather conditions remain favorable in the Corn Belt, a soybean and corn producing region in the United States. According to the agency, a high-pressure system over the Great Lakes region is maintaining dry weather and near-ideal conditions for planting, germination, and crop development. For wheat, agents continue to monitor the weather in the North American Plains. USDA The report indicated scattered rainfall in the southern half of the region, considered late for some winter wheat but positive for summer crops. Meanwhile, hot, dry weather persists in the Northern Plains, with temperatures nearing 38°C in areas of North Dakota. According to the agency, conditions are especially concerning in Montana, where 62% of pastures were rated as poor or very poor as of May 24.

This text was translated by machine from Brazilian Portuguese.