Soybeans closed lower on the CBOT Thursday morning.

The July soybean contract traded on Chicago Stock Exchange (CBOT) The futures contract closed this Thursday (7) with a slight decrease of 2.50 points and 0.21%, quoted at US$ cents 1,192.25/bushel; the August contract fell 2.25 points and 0.19%, to US$ cents 1,186.75/bushel. In the partial week, the assets accumulate losses of 0.91% and 0.86%, in that order. Regarding derivatives, the oil It fell 1.16%, while the bran The index rose 0.50%. In this trading session, prices were pressured by the sharp drop in oil prices on the international market, a factor that negatively impacts the competitiveness of biofuels made from grains and oilseeds. The decline occurs amidst hopes for a peace agreement between the United States and Iran, which should lead to the resumption of the supply of this energy commodity through the Strait of Hormuz. Regarding the weather, investors continued to monitor conditions in the Corn Belt, the main soybean and corn producing region of the US. After a period of intense rains in the Midwest, drier weather has favored the progress of field activities in recent days. According to… Drought MonitorThe atypical cold reduced evapotranspiration rates, while the pause in rainfall helped alleviate delays caused by frequent storms. Currently, approximately 27% of soybean crops are in drought-stricken areas., above the 15% recorded in the same period last year. Despite the operational improvement, the daily bulletin of U.S. Department of Agriculture (USDA) It was noted that low temperatures continue to delay the germination of newly planted soybeans and corn. Regarding international demand, the… USDA It was reported that US farmers sold 142,000 tons of soybeans from the 2025/26 crop, a volume below the 200,000 and 500,000 tons stipulated by the market. Furthermore, harvesting of the 2025/26 crop in Argentina reached 34.3% of the estimated area, a weekly gain of 16 percentage points, according to data from… Buenos Aires Grain Exchange (BCBA)The South American country is expected to harvest 48.6 million tons of soybeans.

This text was translated by machine from Brazilian Portuguese.