At 10:13 am (Brasilia time) this Wednesday (8), the August soybean contract traded on Chicago Stock Exchange (CBOT) The Brazilian futures contract registered a moderate increase of 7.00 points and 0.59%, quoted at US$ cents 1,200.75/bushel, with a gain of 5.68% for the week so far. The September contract advanced 3.25 points and 0.27%, to US$ cents 1,190.25/bushel – a weekly increase of 4.78%. In the case of derivatives, the oil It rose 1.88%, while bran It was losing 0.82%.
Corn
The September corn contract traded on CBOT The US dollar fell 1.75 points and 0.39%, trading at US$ cents 442.00/bushel, but with a partial week gain of 4.49%. The December contract fell 1.25 points and 0.27%, to US$ cents 463.00/bushel, but with a weekly gain of 4.87%.
Wheat
The September wheat futures contract traded in Chicago It rose 1.75 points and 0.28%, quoted at US$ cents 620.25/bushel, with a gain of 3.42% for the week so far. Kansas City Bank Exchange (KCBT)The grain rose 4.75 points and 0.73%, to US$ cents 657.50/bushel – a weekly increase of 2.98%.
Market fundamentals
This morning, the soybean complex remained supported by expectations of strengthening Chinese demand. Following the release, on Tuesday (7), of information that the Chinese state-owned company COFCO had acquired approximately 300,000 tons of American soybeans, the United States Department of Agriculture (USDA) Earlier, it announced a new one-off sale of 472,000 tons of soybeans to China. Of the total, 136,000 tons will be delivered in the 2025/26 crop year and another 336,000 tons in the 2026/27 season. The market also reacted to the escalation of geopolitical tensions. In statements made during the summit of North Atlantic Treaty Organization (NATO)In Ankara, US President Donald Trump stated that peace with Iran was "over" and ruled out further negotiations with Tehran, following new episodes of clashes between the two countries. The deteriorating geopolitical scenario has once again boosted oil prices, a factor that improves the competitiveness of biofuels produced from grains and oilseeds and also supports the wheat market. In the case of corn, the pressure stemmed mainly from profit-taking, after the strong appreciation accumulated since the beginning of the week. In the climate field, the National Meteorological Service from the USA (NWS) The forecast maintained rain and storms in important producing regions of the Midwest. According to the agency, a cold front should advance slowly towards the Central Plains, Great Lakes and Northeast until Thursday night (9).
This text was translated by machine from Brazilian Portuguese.