Soybeans closed slightly higher on the CBOT this Wednesday.

The May soybean contract traded on Chicago Board of Trade (CBOT) closed this Wednesday (8) with a slight increase of 3.75 points and 0.32%, quoted at US$ cents 1,162.00/bushel…but with a depreciation of 0.13% in the partial week. The July contract fell 3.50 points and 0.30%, to US$ cents 1,178.00/bushel – a decline of 0.17% for the week. Regarding derivatives, the bran It gained 0.74%, while the oil It plummeted 3.30%.

Wasde and DXY support the prices.

In this trading session, the market adjusted its positions ahead of the release of the monthly supply and demand report.WasdeApril United States Department of Agriculture (USDA), scheduled for tomorrow (9). Market expectations point to maintaining US inventories From the 2025/26 crop year, with a slight increase in global stocks and occasional adjustments in South American production. In addition, the fall of the dollar against major global currencies also supported prices, with a 0.45% decrease in the DXY, a factor that favors North American shipments. USDA Thursday's weekly export sales report will be released.

Geopolitics and oil limit gains.

However, gains were limited by news of a temporary ceasefire between the US and Iran In the Middle East, this caused oil prices to fall by more than 10%. Commodity prices directly impact the grain and oilseed market, given that agricultural inputs are used in the production of biofuels.

This text was translated by machine from Brazilian Portuguese.