Soybeans close higher on the CBOT this Tuesday.

The May soybean contract traded on Chicago Board of Trade (CBOT) ended this Tuesday (31) in moderately high of 11.25 points and 0.97%, quoted at US$ cents 1,171.00/bushel, with an upward bias in the accumulated month (+0.02%). The July contract advanced 11.00 points and 0.94%., the US$ cents 1,186.00/bushel – a gain of 0.27% in the accumulated figures for March. In relation to derivativesMeanwhile, the oil and bran appreciated by 0.60% and 0.48%, respectively.

Area in the US grows

In this trading session, the market reacted to the planting intentions data for the 2026/27 crop in the United States. According to the U.S. Department of Agriculture (USDA) American farmers must sow 34.27 million hectares with soybeans, advance of 4% compared to the previous cycle. The increase should occur in 20 out of 29 states evaluated. Despite the growth, the number fell slightly short of market expectations, which projected 34.60 million hectares.

Larger inventories limit price increases.

On the other hand, gains were limited by higher-than-expected quarterly inventory volumes. According to the USDA, soybean stocks in March 1st added together 57.28 million tons, exceeding market projections of 56.50 million tonsIn the previous quarter, inventories were at 89.54 million tons (December 1st), while the annual comparison showed a volume of 52.00 million tons.

Brazilian harvest remains on the radar.

Investors are also monitoring the progress of the harvest in Brazil, which is heading towards a… record harvestAccording to DATAGRO Grainsless than 25% of the area still remains to be collected, with data updated until last Friday (27). In the same period last year, the works were at 83%, while the average over the last five years is 76.3%.

Geopolitics keeps the market's attention.

In the external scenario, developments regarding… remain on the radar. war in the Middle East, which continue to influence the prices of oilOn Tuesday, U.S. Defense Secretary Pete Hegseth stated that the coming days of the conflict with Iran will be decisive and warned that the war could escalate if no agreement is reached.

This text was translated by machine from Brazilian Portuguese.