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

At 9:29 am (Brasilia time) this Tuesday (19) the July soybean contract traded on Chicago Stock Exchange (CBOT) It was operating with a slight increase of 2.25 points and 0.19%, quoted at US$ cents 1,215.25/bushel. The August contract advanced 2.50 points and 0.21%, to US$ cents 1,213.50/bushel. On the previous day (18), the assets soared, with a gain of 3.06% for the July contract, to US$ cents 1,213.00/bushel, and 2.93% for the August contract, to US$ cents 1,211.00/bushel. In the case of derivatives, the bran It rose 0.45%, while the oil It fell 0.24%, pulled down by the devaluation of oil in the international market. This morning, prices remain supported by the repercussions of the agreement announced between China and the United States. The White House reported on Sunday (17) that Beijing has committed to buying US$17 billion in American agricultural products in 2026, 2027 and 2028. The agreement was reached after meetings between President Donald Trump and Chinese leader Xi Jinping held last week in Beijing. In addition to soybeans, the commitment includes purchases of grains, beef and poultry from the US. On the demand side, the U.S. Department of Agriculture (USDA) It was reported that US soybean shipments totaled 483,000 tons in the week ending May 14. This volume was 27% lower than the 663,000 tons recorded the previous week, but it was within market expectations, which ranged between 450,000 and 650,000 tons. Limiting further gains, the progress of planting in the Corn Belt, the area encompassing US soybean and corn crops, continues to put pressure on the market. According to… USDAAround 67% of the area intended for 2026/27 soybeans had already been planted by last Sunday (17), above the 49% recorded in the previous week and the historical average of 53%. In addition, 32% of the crops had already germinated, compared to 20% the previous week and the multi-year average of 23%. In the weather, the US National Weather Service It was reported that the Missouri River is overflowing near St. Joseph, Michigan. According to the agency, the river level is expected to reach flood stage overnight before beginning to recede the following morning. On the radar, the market is monitoring the completion of the soybean harvest in Brazil and the progress of fieldwork in Argentina, where nearly 60% of the estimated area has been harvested.

This text was translated by machine from Brazilian Portuguese.