At 9:51 am (Brasilia time) this Monday (20), the August soybean contract traded on Chicago Board of Trade (CBOT) The Brazilian futures contract was trading sharply higher, up 18.50 points and 1.54%, at US$ cents 1,223.00/bushel. The September contract advanced 17.75 points and 1.49%, to US$ cents 1,211.25/bushel. As for derivatives, the… bran and the oil Prices rose 0.53% and 0.32%, respectively. This morning, prices were driven by strengthening international demand, following a new round of purchases of US soybeans. According to… United States Department of Agriculture (USDA)China purchased 340,000 tons of soybeans from the US, while Mexico bought 246,634 tons last Friday. Additionally, an unidentified destination acquired another 110,000 tons of the oilseed. Last week, USDA It had already reported an additional sale of 136,000 tons to China. The market also received support from weather forecasts for the American Midwest. According to the National Weather Service (NWS)Temperatures exceeding 37°C are expected to hit a wide area between central Wisconsin and the Gulf Coast, raising concerns about potential impacts on soybean and corn crop development. Investors are also focused on the release of weekly reports from… USDA about shipments and about the stages of development and conditions of crops in the United States.
This text was translated by machine from Brazilian Portuguese.