The August soybean contract traded on Chicago Board of Trade (CBOT) The futures contract closed this Friday (31) with a slight decrease of 5.25 points and 0.45%, quoted at US$ cents 1,170.75/bushel, with a loss of 6.09% for the week, but a monthly gain of 4.25%. The September contract fell 1.50 points and 0.13%, to US$ cents 1,170.75/bushel – a weekly devaluation of 5.60%, but a monthly increase of 3.73%. As for derivatives, the bran and the oil Prices fell by 0.60% and 1.80%, respectively. In this trading session, prices were pressured by improved weather prospects for the Corn Belt, the main soybean and corn producing region of the United States. According to the daily bulletin… Department of Agriculture (USDA)The rains recorded in recent days should favor the recovery of crops after the recent period of intense heat and dry weather. "The beneficial rains extending from the Mississippi Valley westward are helping to stabilize crop conditions, which had deteriorated during the recent period of heat and dry weather. Early this morning, some of the heaviest rains extended from Minnesota southward to Missouri," reported the [source/source]. USDAThe market also began to focus its attention on the release of the World Supply and Demand report (WASDEThe August report, scheduled for the 12th, will bring the first estimates of the North American harvest based on field surveys. Part of the losses, however, was limited by the strengthening of international demand. USDA announced this Friday a one-off sale of 252,000 tons of soybeans to an undisclosed destination.
This text was translated by machine from Brazilian Portuguese.