At 9:37 am (Brasilia time) this Wednesday (3), the January soybean contract in Chicago Board of Trade (CBOT) The US futures contract was trading slightly lower, down 2.25 points and 0.20%, quoted at US$ cents 1,127.75/bushel. The March contract was up 1.75 points and 0.15%, at US$ cents 1,136.75/bushel. On the other hand, both have accumulated losses in the partial week of 0.94% and 0.81%, respectively. On the previous day (2), the assets fell 0.35% each, quoted at US$ 1,124.00/bushel, and US$ 1,134.00/bushel. Regarding derivatives, soybean meal rose 0.29%, while soybean oil fell 0.47%. This morning, prices were benefited by Reuters news that at least six cargo ships are scheduled to load soybeans from the United States to China by mid-December. Investors expect the country's soybean sales to Beijing to reach the target of 12 million tons by the end of this year. According to the U.S. Department of Agriculture (USDA), exports of the oilseed to the Asian giant total 2.251 million tons. On the radar, the planting of the 2025/26 soybean crop in Brazil, the main exporter, reached 86.2% by November 28, according to data from… DATAGROPerformance is lower than that recorded last year (90.7%) and the multi-year average (89.4%).
This text was translated by machine from Brazilian Portuguese.