At 9:28 am (Brasilia time) this Friday (31), the August soybean contract traded on Chicago Stock Exchange (CBOT) The Brazilian futures contract was trading slightly higher, up 1.25 points and 0.11%, at US$ cents 1,178.50/bushel. The September contract, however, was down 1.25 points and 0.11%, at US$ cents 1,171.00/bushel. For the week so far, the assets have accumulated losses of 5.65% and 5.20%, respectively, while for the month they have accumulated gains of 4.83% and 3.68%, respectively. In the case of derivatives, the… bran It appreciated by 0.38%, while the oil The previous day (30), contracts closed in negative territory, with a 0.06% decrease for the August contract, at US$ cents 1,177.25/bushel, and a 0.32% decrease for the September contract, at US$ cents 1,172.25/bushel. This Friday, prices remain pressured by the forecast of rain in the US Midwest over the weekend, a factor that tends to improve the conditions of drought-stricken crops and reduce production risks. Another bearish factor is the appreciation of the dollar against major global currencies, with a 0.41% increase in the DXY, a factor that reduces the competitiveness of US agricultural exports. On the other hand, the rise in oil prices on the international market, driven by geopolitical tensions in the Middle East, offers some support to prices, as it favors the production of biofuels made from oilseeds and grains.
This text was translated by machine from Brazilian Portuguese.