Soybeans are trading higher on the CBOT this Thursday morning.

At 9:24 am (Brasilia time) this Thursday (2), the August soybean contract traded on Chicago Stock Exchange (CBOT) The Brazilian soybean futures contract was trading moderately higher, up 7.25 points and 0.64%, at US$ cents 1,140.50/bushel, with a weekly gain of 0.35%. The September contract advanced 7.50 points and 0.66%, to US$ cents 1,143.00/bushel – a weekly profit of 0.13%. On the previous day (1st), the assets closed in positive territory, with gains of 0.80% and 0.60%, quoted at US$ cents 1,133.25/bushel and US$ cents 1,135.50/bushel, respectively. In the case of derivatives, the bran The US dollar was up 1.18%, while oil showed a downward trend (-0.04%). This morning, prices were supported by the 0.71% depreciation of the DXY index, which measures the performance of the dollar against major global currencies, favoring the competitiveness of US agricultural exports. Investors were also awaiting the release of the weekly export sales report. U.S. Department of Agriculture (USDA), which should provide new signals about the pace of international demand for US soybeans. In the field, the daily bulletin from USDA The report indicated the occurrence of rain showers and thunderstorms moving from the Great Lakes region towards the southwest, as a mass of tropical moisture interacts with a weak cold front. Despite the rainfall, the weather remains hot and humid across much of the central and eastern Corn Belt, the main soybean and corn producing region in the United States, with maximum temperatures ranging between 32°C and 35°C. "So far, temperatures have not reached, in a generalized way, levels considered stressful for corn and soybean crops that are entering the reproductive phase," the report highlighted. USDAAgents also adjust their positions ahead of the US Independence Day holiday. On Friday (3), the CBOT It will operate on a reduced schedule, with negotiations ending early.

This text was translated by machine from Brazilian Portuguese.