Soybeans close lower on the CBOT this Tuesday.

The May soybean contract traded on Chicago Board of Trade (CBOT) ended this Tuesday (24) in moderately low of 8.50 points and 0.73%, quoted at US cents 1,155.00/bushelThe July due date It dropped 7.50 points and 0.64%. the US cents 1,171.50/bushelRegarding derivativesThe price of soybean meal fell 1.29%, while the price of soybean oil rose 0.23%.

Market takes profits after previous rally.

In this trading session, after the gains recorded in the previous session, the market experienced a profit-taking movement, putting pressure on prices even in the face of rising oil prices, which normally support the soybean complex. The appreciation of the energy commodity, amid tensions in Middle EastThis tends to benefit the prices of vegetable oil, which is used in the production of biofuels.

The war remains on investors' radar.

Oil prices rose again after Iran rejected peace negotiations with the United States, in addition to new military attacks against Israel. Beyond the direct impact on oil, the war also affects the fertilizer market, with risks of disruption to maritime transport and increased input prices. Recent export restrictions by countries like China and Russia tend to worsen supply in the short term. Increased fuel and fertilizer costs may influence producers' planting decisions, raising market attention to upcoming acreage estimates. U.S. Department of Agriculture (USDA), which will be released next week, on Tuesday (31).

This text was translated by machine from Brazilian Portuguese.