The August soybean contract traded on Chicago Stock Exchange (CBOT) The Brazilian futures contract closed this Thursday (2) with a slight increase of 3.00 points and 0.26%, quoted at US$ cents 1,136.25/bushel; the September contract ended with an upward bias (0.50 points and +0.05%), at US$ cents 1,136.00/bushel. In the weekly partial results, the assets accumulated losses of 0.02% and 0.48%, respectively. Regarding derivatives, the oil It rose 0.12%, while the bran The US soybean index fell 0.07%. In this trading session, prices were supported by a 0.56% decline in the DXY index, which increases the competitiveness of US exports. The expectation of a resumption of Chinese purchases of US soybeans also contributed to the positive movement. The market is following rumors of a possible increase in imports by the Asian country after the summit held in mid-May between US President Donald Trump and Chinese President Xi Jinping. On the other hand, gains were limited by the performance of weekly export sales. According to… U.S. Department of Agriculture (USDA)Net sales of the 2025/26 crop totaled 42,000 tons, while deals for the 2026/27 season totaled 183,000 tons, both well below market expectations. In the field, investors continue to monitor weather conditions in the Corn Belt, the main producing region of soybeans and corn in the United States. The forecast indicates the return of rain and milder temperatures after Friday (3), reducing concerns about possible stress on crops during the beginning of the reproductive phase. The Drought Monitor of USDA It also showed improvement in moisture conditions. The share of soybean areas located in drought-stricken regions fell from 22% to 19% last week. Finally, agents also adjusted their positions before the US Independence Day holiday. This Friday (3), the CBOT It will operate on a reduced schedule, with negotiations ending early.
This text was translated by machine from Brazilian Portuguese.