At 9:50 am (Brasilia time) this Monday (13), the August soybean contract traded on Chicago Board of Trade (CBOT) The Brazilian futures contract was trading slightly higher, up 5.50 points and 0.46%, at US$ cents 1,197.25/bushel. The September contract advanced 5.00 points and 0.42%, to US$ cents 1,169.25/bushel. As for derivatives, the… bran earned 1.89%, while the bran It was down 0.47%.
Corn
The September corn contract traded in Chicago The December contract rose 5.50 points and 1.25%, quoted at US$ cents 445.00/bushel; the December contract climbed 6.25 points and 1.36%, to US$ cents 467.25/bushel.
Wheat
The September wheat contract traded in CBOT It registered a slight decrease of 2.00 points and 0.31%, quoted at US$ cents 638.25/bushel. Kansas City Bank Exchange (KCBT)Meanwhile, the contract expiring in the same month fell 1.25 points and 0.18%, to US$ cents 675.00/bushel.
Market fundamentals
This morning, gains in soybean and corn prices reflected the strong appreciation of oil in the international market, a factor that increases the competitiveness of biofuels produced from grains and oilseeds. Forecasts of intense heat also supported prices. Corn Belt. The expectation is that the heat wave that hit the Northern Plains over the weekend will move westward across the U.S. Corn Belt this week. In addition to high daytime temperatures, nighttime lows are also expected to remain above average, a condition considered unfavorable for corn during the pollination phase. The market is also continuing to react to the monthly supply and demand report released last Friday by [source missing]. U.S. Department of Agriculture (USDA)For soybeans, the USDA The report estimated a record production of 121.79 million tons in the 2026/27 crop year, a 5% increase compared to the 115.99 million tons harvested in the previous season. Despite the record harvest, the department reduced its projection for ending stocks in 2025/26 and kept its estimate for 2026/27 virtually unchanged. Furthermore, the larger-than-expected cuts in global stocks for both seasons reinforced the upward bias in the market. Regarding corn, the report also presented fundamentals considered positive. USDA The Central Bank reduced its estimates of ending stocks in the United States for the 2025/26 and 2026/27 crop years and revised global stocks downwards for both cycles. World production for 2026/27 was reduced from 1.3 billion to 1.297 billion tons. In the US, the projection for the 2026/27 crop was marginally increased, from 406.29 million to 406.42 million tons. Despite the adjustment, the volume represents a decrease of about 6% compared to the record 432.34 million tons obtained in the previous season, remaining the second largest production in the historical series. Wheat was pressured by profit-taking after gains recorded last week and by reduced concerns about global supply, given the lower perceived risk involving exports from Russia and Ukraine. In the field, the US National Weather Service (NWS) It was reported that extreme heat is expected to persist in the Northern Plains, the main spring wheat-producing region, and also in areas of the Upper Midwest. On investors' radar, the… USDA Today, the weekly reports on shipments and updates on the conditions and stages of North American crops will also be released.
This text was translated by machine from Brazilian Portuguese.