At 9:42 am (Brasilia time) this Wednesday (20) the July soybean contract traded on Chicago Stock Exchange (CBOT) The futures contract was operating at a moderate low of 6.00 points and 0.50%, quoted at US$ cents 1,203.50/bushel. The August contract was retreating with the same intensity, at US$ cents 1,203.75/bushel. However, in the partial week, both assets have accumulated gains of 2.25% and 2.32%, in that order. On the previous day (19), the assets closed in negative territory, with a drop of 0.29% for the July contract, at US$ cents 1,209.50/bushel, and 0.10% for the August contract, at US$ cents 1,209.75/bushel. This morning, prices were pressured by a profit-taking movement, given the gains recorded during the week, as agents assessed the statements of the President of the United States, Donald Trump, that the war with Iran will end soon. Oil futures contracts, both Brent and WTI, registered a decline in trading after Trump stated that the war would end "very quickly," which reduces the competitiveness of biofuels made from grains and oilseeds. Regarding international demand, the General Administration of Customs of China (GACC) It was reported today that the Asian giant imported 3.33 million tons of soybeans from the US in April, an increase compared to the 1.38 million tons imported in the same period of the previous year. The data comes just days after the White House announced that China will buy $17 billion worth of agricultural products from the US in 2026, 2027 and 2028.
This text was translated by machine from Brazilian Portuguese.