The July soybean contract traded on Chicago Stock Exchange (CBOT) It closed this Tuesday (26) with a moderate drop of 10.50 points and 0.88%, quoted at US$ cents 1,186.00/bushel; the August contract retreated 10.00 points and 0.84%, to US$ cents 1,185.00/bushel. In the case of derivatives, the bran fell 0.99%, while the oil It rose 0.51%. In this trading session, prices were pressured by the prospect that the weather will benefit crop conditions in the Corn Belt region, an area that includes soybean and corn crops in the United States. According to the daily weather bulletin from U.S. Department of Agriculture (USDA)Soil moisture for corn and soybean cultivation is mostly adequate or locally excessive. On May 17, before the latest rains, topsoil moisture statewide was rated as 11% to 17% above normal, from Missouri to Ohio. Meanwhile, the US National Weather Service (NWS) It was reported that the rains recorded during the last night (25) in central parts of Iowa should benefit the crops, with new storms expected between today and tomorrow (27). On the other hand, strong international demand limited greater losses. According to USDAUS farmers shipped 572,000 tons of soybeans in the week ending May 21, exceeding market projections of between 350,000 and 500,000 tons. Investors are awaiting the report on crop stages and conditions in the US.
This text was translated by machine from Brazilian Portuguese.