The July soybean contract traded on Chicago Stock Exchange (CBOT) It closed this Tuesday (12) with a strong increase of 13.75 points and 1.13%, quoted at US$ cents 1,226.75/bushel; the August contract rose with the same intensity, to US$ cents 1,221.75/bushel. Regarding derivatives, the bran and the oil They appreciated by 1.05% and 2.12%, respectively. In this trading session, the market reacted mainly to the first projections of United States Department of Agriculture (USDA) for the 2026/27 North American crop, released in Monthly Supply and Demand Report (WASDE)Initial estimates are based on planting intentions and historical average productivity, without actual field data collection at this stage. The report presented figures considered positive for prices. For 2025/26, the USDA The report reduced US ending soybean stocks to 9.25 million tons, below market expectations. Global stocks were estimated at 125.13 million tons, also below market expectations. For the 2026/27 crop year, the report indicated lower production and stocks than anticipated by the market, both globally and in the US. US production was projected at 120.70 million tons, while ending stocks were estimated at 8.44 million tons. Despite the downward revision, the projected crop would still be the second largest in US history, behind only the 2021/22 cycle, when 121.50 million tons were harvested. Investors also followed updates on planting progress in the US. According to the… USDA49% of the area intended for soybeans had been sown by Sunday (10), above the 33% recorded in the previous week and the historical average of 36%. In addition, 20% of the crops had already germinated, compared to 13% observed in the previous week and an average of 12% for the period. In the weather, the US National Weather Service (NWS) The agency issued new red flag alerts for areas of the Corn Belt, the country's main soybean and corn producing region. The agency also warned of the risk of wildfires in some states, given the reduced soil moisture and drier conditions forecast for the coming days.
This text was translated by machine from Brazilian Portuguese.