The September soybean contract traded on Chicago Board of Trade (CBOT) It closed this Monday (3) with a slight increase of 3.00 points and 0.26%, quoted at US$ cents 1,173.75/bushel. The September contract rose 4.75 points and 0.40%, to US$ cents 1,192.25/bushel. As for derivatives, the bran and the oil They appreciated by 0.16% and 2.27%, respectively. In this trading session, prices were driven by strong international demand. United States Department of Agriculture (USDA) The company announced individual sales of 488,000 tons of soybeans to China and another 136,150 tons to an undisclosed destination, both from the 2026/27 crop. Furthermore, traders consulted by Reuters estimate that Chinese buyers acquired between 14 and 16 shipments of US soybeans last Friday, totaling approximately 1 million tons. It is expected that some of these purchases were made by the state-owned Sinograin. Moreover, the USDA It was reported that weekly soybean shipments totaled 344,000 tons, a volume close to that recorded in the previous week (366,000 tons), but below the average needed for the US to reach the official projection of 41.3 million tons exported this season. Gains, however, were limited by more favorable weather conditions in the… Corn Belt, the main producing region in the US. According to the daily bulletin of USDARecent rainfall and near- or below-average temperatures are benefiting the development of soybean and corn crops, reducing concerns about the effects of drought. Investors are also awaiting the release of the weekly report from… USDA Regarding the conditions and stages of North American crops, this is an indicator that should continue to influence price behavior in the coming trading sessions.
This text was translated by machine from Brazilian Portuguese.