Soybeans are trading slightly higher in Chicago on Tuesday morning.

At 9:33 am (Brasilia time) this Tuesday (17), the May soybean contract traded on Chicago Board of Trade (CBOT) It was operating with a slight increase of 3.00 points and 0.26%, quoted at US$ cents 1,158.25/bushel; the July contract advanced 5.00 points and 0.43%, to US$ cents 1,172.50/bushel. On the previous day (16), The assets hit the lowest possible level., with both assets depreciating in 5.71% quoted at US cents 1,155.25/bushel and 1,167.50/bushelIn that order, the derivatives, oil, jumped 2.06%, driven by the appreciation of oil in the international market, while soybean meal rose 0.10%.

Technical adjustments and demand are supporting the recovery.

This morning, prices were mainly boosted by a technical adjustment movement, following the sharp drop in the previous trading session. Furthermore, signs of Strong domestic and external demand in the United States. contributed to supporting prices. Data from US National Oilseed Processors Association (NOPA) They indicate that the country processed 5.68 million tons of soybeans in Februaryvolume record for the month and above market expectations, of 5.52 million tons. Already the U.S. Department of Agriculture (USDA) reported that US exporters shipped 966,000 tons of soybeans in the week ending March 12., exceeding projections, which ranged between 400,000 and 800,000 tonsAmong the external factors, the market is monitoring… reduction in Brazilian soybean supplies to China, influenced by Stricter phytosanitary inspections and increased freight costs.

Uncertain trade deal between the US and China keeps pressure on assets.

Despite the slight recovery, the outlook remains cautious. Concern persists regarding… Possible postponement or cancellation of the meeting between the presidents of the United States and China.Donald Trump and Xi Jinping. Uncertainty reduces expectations of increased Chinese demand for US soybeansThis is a key point for the market, especially given the trade agreement signed between the two countries last October, which provided for an increase in purchases of the oilseed by the Asian giant.

This text was translated by machine from Brazilian Portuguese.