The July soybean contract traded on Chicago Stock Exchange (CBOT) The futures contract closed this Wednesday (20) with a moderate drop of 9.75 points and 0.81%, quoted at US$ cents 1,199.75/bushel; the August contract fell 10.50 points and 0.87%, to US$ cents 1,199.25/bushel. However, in the partial week, both assets have accumulated gains of 1.93%. In the case of derivatives, the oil and the bran They depreciated by 1.03% and 0.42%, respectively. In this trading session, the market experienced a profit-taking movement after the gains registered at the beginning of the week. Investors are still awaiting more details on which agricultural commodities will be included in the agreement announced by the White House, according to which China will buy US$17 billion in agricultural products from the United States between 2026 and 2028. Also pressuring prices was the sharp drop in oil prices on the international market, exceeding 5%, reducing the competitiveness of biofuels produced from grains and oilseeds. In the field, agents continue to monitor the progress of planting for the 2026/27 crop in the Corn Belt, the main US soybean and corn producing region. According to the daily bulletin of… U.S. Department of Agriculture (USDA)Rain and thunderstorms continue to batter the Ohio Valley, while other regions experience cold and dry weather. "Temperatures near or below freezing were recorded earlier today in the far north of the Midwest, including many areas along and northwest of a line running from northeastern Nebraska to northern Wisconsin," the report noted. USDAOn the demand side, the General Administration of Customs of China (GACC) It was reported that China imported 3.33 million tons of soybeans from the US in April, up from 1.38 million tons in the same month last year. For tomorrow (21), the market awaits the release of the weekly export sales report. USDAIn addition to updating the areas affected by drought in North American crops.
This text was translated by machine from Brazilian Portuguese.