The August soybean contract traded on Chicago Board of Trade (CBOT) The futures contract closed this Tuesday (21) with a moderate drop of 6.50 points and 0.53%, quoted at US$ cents 1,219.50/bushel; the September contract fell 5.00 points and 0.41%, to US$ cents 1,120.50/bushel. Derivatives closed in mixed territory: the oil It fell 0.51%, while the bran recorded a gain of 0.99%. In this trading session, the soybean market was pressured by profit-taking, given the significant gains observed the previous day (20), as agents monitor crop conditions in the United States. According to United States Department of Agriculture (USDA)The percentage of soybean crops classified as good or excellent rose from 65% to 66% in the week ending July 19. The report also indicated progress in crop development, with 66% of areas in flowering and 32% in the pod formation stage, both at a faster pace than recorded in the same period of 2025. According to the daily bulletin of… USDAThe heat in the Corn Belt, the area encompassing soybean and corn crops, is confined to the southern part of the region, while storms associated with a cold front extend southwestward from the lower Great Lakes region. Cooler, drier air is moving over the rest of the Midwest, which should reduce concerns about drought-related problems in crops. Furthermore, the strengthening of the dollar against major global currencies also weighed on assets, with a 0.19% gain in the DXY, a factor that is unfavorable to US shipments. However, greater losses were limited by the appreciation of oil in the international market, which increases the competitiveness of biofuels made from soybeans and grains.
This text was translated by machine from Brazilian Portuguese.