At 9:43 am (Brasilia time) this Wednesday (1st), the July soybean contract traded on Chicago Stock Exchange (CBOT) The futures contract was operating with a moderate increase of 10.00 points and 0.89%, quoted at US$ cents 1,134.25/bushel, but with a partial loss of 0.20% for the week. The August contract advanced 10.75 points and 0.95%, to US$ cents 1,139.50/bushel – a weekly decline of 0.18%. On the previous day (30), the assets closed in positive territory, with gains of 0.72% and 0.45%, quoted at US$ cents 1,116.75/bushel and US$ cents 1,124.25/bushel, respectively. In the case of derivatives, the bran It appreciated by 0.36%, while the oil The market depreciated by 0.94%. This morning, prices were supported by the widespread appreciation of agricultural commodities, amid monitoring of weather conditions in the Corn Belt, the main soybean and corn producing region of the United States. According to… National Weather Service (NWS)Intense heat will continue to prevail in the eastern half of the country, with heat and extreme heat warnings from Kansas to the east coast. Heat indexes in southern Missouri and southern Illinois could reach 42°C during the afternoon. "The hot weather could persist in the region until Saturday (4), although isolated storms are forecast," the agency reported. The market was also still reacting to the planted area and quarterly stock reports released on Tuesday by U.S. Department of Agriculture (USDA)According to USDAThe area designated for soybean planting in the 2026/27 crop season was estimated at 34.56 million hectares, a 5% increase compared to the previous cycle and slightly above the market's average expectation of 34.54 million hectares. The area projected for harvest was estimated at 34.16 million hectares.
This text was translated by machine from Brazilian Portuguese.