Soybeans are trading lower on the CBOT this Tuesday.

At 9:33 am (Brasilia time) this Tuesday (16), the July soybean contract traded on Chicago Stock Exchange (CBOT) The Brazilian futures contract was operating with a moderate decline of 10.00 points and 0.89%, quoted at US$ cents 1,109.25/bushel; the August contract retreated 9.75 points and 0.87%, to US$ cents 1,113.75/bushel. Regarding derivatives, the… oil and the bran They depreciated by 0.59% and 0.50%, respectively. The previous day, the assets closed in positive territory, with a 0.52% increase for July futures, quoted at US$ cents 1,119.25/bushel, and a 0.42% increase for August futures, at US$ cents 1,123.50/bushel. This morning, prices were pressured by the weekly update on US crop conditions released by… United States Department of Agriculture (USDA)According to the report, 66% of the areas cultivated with soybeans were classified as good and excellent until last Sunday (14), an advance of one percentage point compared to the previous week. The index also equals that recorded in the same period of the last harvest. Planting of the 2026/27 crop reached 95% of the planned area, after an advance of three percentage points in the week. In the same period of 2025 and on average over the last five years, sowing was at 93%. Plant emergence reached 88% of the cultivated area, above the 83% observed last year and the 82% historical average for the period. In addition to the favorable outlook for crops, prices were also being pulled down by the sharp drop in oil on the international market, which reduces the competitiveness of biofuels produced from grains and oilseeds, including soybean oil. In the weather field, investors continue to monitor conditions in the Corn Belt, the main producing region of soybeans and corn in the United States. According to the US National Weather Service (NWS)Isolated storms predicted for northern Illinois on Tuesday are expected to give way to more severe conditions throughout the day, with the possibility of hail and strong winds. The agency also warns of the formation of new storms between early and mid-afternoon. For Wednesday (17), the forecast indicates a risk of wind gusts of up to 75 km/h and hail with the size of golf balls in some locations.

This text was translated by machine from Brazilian Portuguese.