Soybeans ended higher on the CBOT on Tuesday.

The July soybean contract traded on Chicago Stock Exchange (CBOT) It closed this Tuesday (16) with a moderate increase of 10.75 points and 0.96%, quoted at US$ cents 1,130.00/bushel; the August contract rose 11.00 points and 0.98%, to US$ cents 1,134.50/bushel. Regarding derivatives, the bran appreciated by 0.99%, while the oil It fell 2.08%. In this trading session, prices reversed the downward trend observed in the morning and were driven by market rumors that China is expected to resume buying American agricultural products, months after the US government and Beijing signed new trade agreements. In addition, the depreciation of the dollar against major global currencies, with a 0.11% drop in the DXY, also provided some support to assets, a factor that favors US exports. At the same time, gains were partially contained by the significant drop in oil prices on the international market, a factor that reduces the competitiveness of biofuels made from oilseeds and grains. On the other hand, some investors are watching to see if the weakness in energy prices could stimulate greater demand from grain importers. Regarding the weather, the daily bulletin from the U.S. Department of Agriculture (USDA) It was reported that the Corn Belt region, home to the country’s soybean and corn crops, continues to experience cool weather, with most states seeing highs below 27°C. Meanwhile, a cold front crossing the upper Midwest is producing scattered rains. Conditions in the region are mostly adequate for crop development due to soil moisture levels. As of June 14th, 95% of the 2026/27 US soybean crop had already been harvested, heading towards its final phase.

This text was translated by machine from Brazilian Portuguese.