The July soybean contract traded on Chicago Stock Exchange (CBOT) The futures contract closed this Thursday (25) with a strong increase of 18.75 points and 1.69%, quoted at US$ cents 1,127.50/bushel; the August contract advanced 20.25 points and 1.81%, to US$ cents 1,137.00/bushel. In the partial week, both assets rose 0.42% and 0.72%, in that order. In the case of derivatives, the oil and the bran They appreciated by 1.94% and 1.52%, respectively. In this trading session, prices were driven by an adjustment in quotations, after losses recorded in previous sessions, as market participants assess the arrival of a heat wave in the Midwestern United States. National Weather Service (NWM) The forecast predicts temperatures could reach 38°C this weekend, extending until July 4th. According to analysts, in some regions of the Upper Midwest and the Great Plains, the roots of corn and soybeans may still be shallow and therefore more susceptible to damage from large temperature fluctuations, especially if nights remain warm and plants do not have the opportunity to recover. The depreciation of the dollar against major global currencies also favored prices, with a 0.12% drop in the DXY, which favors US shipments. Meanwhile, the… U.S. Department of Agriculture (USDA) reported that US soybean export sales totaled 1.358 million tons. Of this total, 455,000 tons of soybeans are from the 2025/26 crop and 902,000 tons from the 2026/27 cycle. Both results came within investors' projections. The market now awaits the release, next Tuesday (30), of the quarterly planted area and stocks reports. USDA.
This text was translated by machine from Brazilian Portuguese.