Soybeans closed Wednesday with moderate gains on the Chicago Board of Trade.

The July soybean contract traded on the Chicago Board of Trade (CBOT) closed this Wednesday (10) with a moderate increase of 9.25 points and 0.83%, quoted at US$ cents 1,123.00/bushel; the August contract advanced 9.00 points and 0.80%, to US$ cents 1,127.75/bushel. For the week, futures accumulated partial gains of 0.13% and 0.16%, respectively. Regarding derivatives, oil and meal appreciated 0.56% and 0.27%, respectively.

Corn

The July corn contract traded on the CBOT fell 0.50 points and 0.12%, quoted at US$ 419.00 cents/bushel; the September contract, on the other hand, rose 0.25 points and 0.06%, to US$ 427.75 cents/bushel. The futures have accumulated weekly gains of 0.36% and 0.18%, respectively.

Wheat

The July wheat contract traded in Chicago advanced 2.25 points and 0.38%, quoted at US$ cents 587.50/bushel, with a cumulative weekly gain of 1.29%. Meanwhile, on the Kansas City Board of Trade (KCBT), the contract for the same month fell 0.25 points and 0.04%, to US$ cents 630.50/bushel – with a cumulative gain of 1.57% so far this week.

What is affecting the markets?

In this trading session, investors' attention was focused on weather conditions over the main producing regions of the United States, while awaiting the June supply and demand report (WASDE), which will be published tomorrow (11), at 1 pm, by the Department of Agriculture (USDA). According to the USDA's daily weather bulletin, in the plains, the main wheat growing area, unstable weather continues to provide limited relief from the drought in the northern half of the region. "Colder air is moving over the Northern Plains, but intense heat persists in Colorado and Kansas. Even today, temperatures above 38°C will again hit some locations in the central and southern High Plains, after the highs of 39°C recorded yesterday in Guymon (Oklahoma) and Garden City (Kansas)," says the USDA. In the Corn Belt, the main corn and soybean producing region, dry weather predominates from the middle Mississippi Valley to Michigan, during a break between storm systems. However, a new round of heavy rain and thunderstorms is spreading across the upper Midwest. "Most of the region's corn and soybean crops continue to have adequate moisture, with topsoil moisture on June 7 ranging from 40%, classified as very low to low in Michigan, to 32% above normal in Missouri," the department details. Soybean and corn planting in the Corn Belt is virtually complete, with crop development ahead of the average of recent years. Overall, crop conditions are satisfactory, although slightly worse than observed at the same time last season. Wheat, however, presents a heterogeneous picture: while the winter cereal continues to have significantly lower conditions than in 2025 – only 25% of the area in good or excellent condition, compared to 54% last year – the spring crop shows a more favorable outlook, with conditions in line with the previous year and development stages within expectations. The DXY – an index that compares the strength of the dollar against major global currencies – traded in negative territory during trading hours. Meanwhile, oil – which influences the competitiveness of US biofuels produced from grains and oilseeds – rose more than 2%, with the market attentive to developments in the Middle East conflict.

This text was translated by machine from Brazilian Portuguese.