The July soybean contract traded on the Chicago Board of Trade (CBOT) closed this Tuesday (9) with a slight decrease of 2.00 points and 0.18%, quoted at US$ cents 1,113.75/bushel; the August contract fell 2.50 points and 0.22%, to US$ cents 1,118.75/bushel. Regarding derivatives, the bran It lost 0.53%, while the oil It rose 0.47%. In this trading session, prices were pressured by the progress of planting for the 2026/27 crop in the United States and by favorable weather conditions for crop development, despite some delays caused by rain in certain regions. According to the weekly report of U.S. Department of Agriculture (USDA)Planting reached 92% of the planned area by last Sunday (7), above the 89% recorded in the same period last year and the 88% average of the last five years. Plant emergence reached 79% of the cultivated area, exceeding the 73% observed in the same period of 2025 and the 71% historical average. The USDA also reported that 65% of the crops are in good to excellent condition. Another factor putting pressure on the market was the fall in oil prices on the international market, reflecting the reduction of tensions in the Middle East. This movement reduces the competitiveness of biofuels produced from grains and oilseeds. On the demand side, the General Administration of Customs of China (GACC) The report indicated that the country imported 11.79 million tons of soybeans in May, a volume 15.3% lower than that recorded in the same month of 2025, when purchases totaled 13.92 million tons. This data did not provide support to the market, as investors continue to await more robust purchases of US agricultural products by China, especially after the trade agreements recently signed between Washington and Beijing. On the radar, the market continues to monitor the conclusion of the record soybean harvest in Brazil and the final stages of the crop season in Argentina.
This text was translated by machine from Brazilian Portuguese.