Soybeans closed sharply higher on the CBOT this Tuesday.

The July soybean contract traded on Chicago Stock Exchange (CBOT) closed this Tuesday (5) with a moderate drop of 11.25 points and 0.92%, quoted at US$ cents 1,211.50/bushel; the August contract fell 11.00 points and 0.90%, to US$ cents 1,205.00/bushel. Regarding derivatives, the bran It depreciated by 0.16%, while the oil It rose 0.50%. In this trading session, prices were pressured by profit-taking, given the gains in the previous session, as well as by the progress of planting activities in the Corn Belt, an area dedicated to soybean and corn crops in the United States. According to… U.S. Department of Agriculture (USDA)Soybean planting for the 2026/27 season has reached 33% of the projected area, after advancing 10 percentage points in one week. This activity is above last year's level (28%) and the average of the last five years (23%). USDA It projects that US producers will plant 34.27 million hectares of soybeans this season, a 4% increase compared to the previous cycle. The prospect of a large global harvest, driven by the ample harvest in South America, especially Brazil and Argentina, also pressured assets. According to… DATAGRO GrainsSoybean harvesting in the country is in its final phase, with less than 5% of the crops to be harvested. The consultancy estimates production at 183.0 million tons. Meanwhile, agents continue to keep an eye on international oil prices, given their competitiveness with biofuels based on grains and oilseeds. Until the close of trading, the energy commodity quotations showed losses, with expectations of maintaining the ceasefire agreement in the Middle East, even after the military clashes observed the previous day (4).

This text was translated by machine from Brazilian Portuguese.