The May soybean contract traded on Chicago Board of Trade (CBOT) ended this Friday (20) in moderately low of 7.25 points and 0.62%, quoted at US cents 1,161.25/bushel, with a loss of 5.22% for the week. The July expiration It dropped 6.75 points and 0.57%. the US$ cents 1,176.50/bushel – a weekly decline of 4.93%. Regarding by-products, soybean meal fell 1.35%, while soybean oil rose 0.15%.
Strong dollar and falling oil prices put pressure on the market.
In this auction, the Prices were pressured by the strengthening of the dollar against major global currencies., with a 0.38% increase in the DXY, a factor that reduces the competitiveness of US exports. Another factor contributing to the decline was the devaluation of oil in the international marketThe commodity retreated after news that the US and its allies plan to increase global supply and restore shipping through the Strait of Hormuz, reducing concerns about supply disruptions. Prices for this energy commodity directly impact the grain and oilseed market, as these products are widely used in biofuel production.
Brazilian harvest on the radar
The market is also monitoring the progress of harvest in BrazilAccording to DATAGRO GrainsThe 2025/26 harvest reached 61.1% of the cultivated area, below the 69.0% recorded in the same period last year, but close to the average of the last five years, of 61.6%. With the entry of fall In Brazil, a period that extends until June 21st, the harvesting of soybeans and summer corn is advancing to its final phase, while the planting of winter corn is also nearing completion.
This text was translated by machine from Brazilian Portuguese.