Soybeans are trading slightly higher on the CBOT this Thursday morning.

At 9:26 am (Brasilia time) this Thursday (25), the July soybean contract traded on Chicago Stock Exchange (CBOT) The Brazilian futures contract was trading slightly higher, up 2.00 points and 0.18%, quoted at US$ cents 1,110.75/bushel; the August contract advanced 1.75 points and 0.16%, to US$ cents 1,118.50/bushel. On the other hand, in the partial week, both assets accumulated losses. On the previous day (24), the assets fell 0.74% and 0.65%, quoted at US$ cents 1,108.25/bushel and US$ cents 1,116.75/bushel, respectively. In the case of derivatives, soybean meal rose 0.53%, while soybean oil fell 0.82%. This morning, prices were supported by a technical adjustment movement after the losses recorded in recent sessions, while investors await the release of the weekly export sales report. United States Department of Agriculture (USDA)On the other hand, favorable conditions for the development of North American crops continue to limit greater gains. According to the USDAAccording to the report, 66% of U.S. soybean crops were in good or excellent condition at the start of the week, unchanged from the previous survey. The department's daily weather bulletin indicates that the Corn Belt, the country's main soybean and corn producing region, continues to experience isolated rainfall and temperatures near or below average for the period. "With soil moisture scarcity mainly restricted to parts of the upper Midwest, most corn and soybean crops continue to develop with minimal stress," the report highlighted. USDAIn addition to weekly export sales, the market is also awaiting the release, next Tuesday (30), of the quarterly planted area and stock reports of USDA.

This text was translated by machine from Brazilian Portuguese.