Soybeans ended higher on the CBOT on Tuesday.

The May soybean contract traded on Chicago Board of Trade (CBOT) ended this Tuesday (17) in slight increase of 1.75 points and 0.15%, quoted at US cents 1,157.25/bushelThe July due date It rose 3.75 points and 0.32%, the US cents 1,171.25/bushelRegarding derivatives, the Oil prices jumped 3.17%, driven by the news that the United States government is expected to announce next week the new biofuel blending quotas for 2026 and 2027, which could increase demand for soybeans in the domestic market. Conversely, the bran fell 0.16%.

Meeting between the US and China brings relief to the market.

In this trading session, prices reacted to the movement of technical adjustment, after the sharp drop recorded the previous day (16), when contracts hit the daily lower limit. In addition, the market was favored by the president's signal. Donald Trump announced that the meeting with Chinese President Xi Jinping will be rescheduled.In a statement in the Oval Office of the White House, Trump stated that the meeting should take place in five to six weeksExpectations are high for the meeting, as it could indicate… advances in trade relations between the two countries and a possible increase in Chinese purchases of US soybeans — a key factor in balancing the global oilseed market.

This text was translated by machine from Brazilian Portuguese.