At 9:35 am (Brasilia time) this Thursday (11), the July soybean contract traded on Chicago Stock Exchange (CBOT) The futures contract was operating in stability with a downward bias (0.50 points and -0.04%), quoted at US$ cents 1,122.50/bushel; the August contract was retreating with the same intensity, at US$ cents 1,127.25/bushel. On the other hand, for the week, the contracts accumulated gains of 0.09% and 0.11%, respectively. Regarding derivatives, the… bran and the oil They advanced 0.50% and 0.36%, respectively. On the previous day (10), contracts closed in positive territory, with an increase of 0.83% for July, at US$ cents 1,123.00/bushel, and 0.80% for August, at US$ cents 1,127.75/bushel. This morning, the market is adopting a cautious stance ahead of the release of the June monthly agricultural supply and demand report (WASDE), which will be published by the United States Department of Agriculture (USDA) at 1 pm. In addition to the expectation for the report, prices are pressured by favorable weather conditions for the development of North American crops. According to the National Weather Service (NWS)According to the forecast, rain is expected in important agricultural areas of the Midwest, including parts of Iowa and Illinois. Although some regions may experience severe storms, the rainfall tends to benefit soil moisture conditions. USDAAs of last Sunday (7), 65% of US soybean crops were in good or excellent condition, down one percentage point from the previous week. The survey also showed that 79% of the areas had already emerged, a significant advance compared to the 65% recorded the previous week and above the average of 71% for the period. Another factor putting pressure on prices is the expectation of ample global supply of the oilseed, supported by prospects of record production in South America. Yesterday, the Rosario Stock Exchange (BCR) raised its estimate for the 2025/26 Argentine soybean crop from 50 million to 51.5 million tons. Regarding demand, the USDA It was reported that net sales of soybeans from the United States totaled 352,800 tons in the week ending June 4. Of this total, 211,300 tons were destined for the 2025/26 crop year and another 141,500 tons for the 2026/27 cycle.
This text was translated by machine from Brazilian Portuguese.