The July soybean contract traded on Chicago Stock Exchange (CBOT) The futures contract closed this Tuesday (30) with a moderate increase of 8.00 points and 0.72%, quoted at US$ cents 1,116.75/bushel; the July contract rose 5.00 points and 0.45%, to US$ cents 1,124.25/bushel. In the month, on the other hand, the assets accumulated falls of 5.90% and 5.55%, in that order. Regarding derivatives, the bran The market ended with stability, while oil plummeted 3.37%. In this trading session, prices were supported by the reaction to the released reports on planted area and quarterly inventories. by the United States Department of Agriculture (USDA)According to USDAThe area designated for soybean planting in the 2026/27 crop year was estimated at 34.56 million hectares, a 5% increase compared to the previous cycle and slightly above the market's average expectation of 34.54 million hectares. The area projected for harvest was estimated at 34.16 million hectares. Quarterly soybean stocks as of June 1st were estimated at 28.87 million tons, below the 57.28 million tons recorded on March 1st and above the 27.42 million tons observed in the same period last year. In the field, the daily bulletin of… USDA The report indicated that storms remain concentrated in the Upper Midwest, while warm weather favors the rapid development of summer crops, many of which are already entering the reproductive phase. According to the department, 96% of the soybean area has already reached the emergence phase, above the 93% recorded in the same period of the last harvest and the 95% average of the last five years. In addition, 19% of the crops are already flowering and 4% have entered the pod formation phase, both percentages higher than the historical average of 15% and 2%, respectively. Regarding crop conditions, 65% of the area was classified as good or excellent, one percentage point below the previous week and the same period of the last harvest. However, soybean gains were partially limited by the appreciation of the dollar against major global currencies, a factor that reduces the competitiveness of US exports, and by the fall in oil prices, a reflection of the reduction in geopolitical tensions involving the United States and Iran, which diminishes the attractiveness of biofuels produced from grains and oilseeds.
This text was translated by machine from Brazilian Portuguese.