The July soybean contract traded on Chicago Stock Exchange (CBOT) The futures contract closed this Friday (12) with a slight decrease of 1.50 points and 0.13%, quoted at US$ cents 1,113.50/bushel; the August contract fell 1.75 points and 0.16%, to US$ cents 1,118.75/bushel. For the week, futures accumulated losses of 0.71% and 0.64%, respectively. Regarding derivatives, the oil and the bran Prices fell by 0.23% and 0.13%, respectively. In this trading session, prices were pressured by the sharp decline in oil prices on the international market, following new signs of progress in negotiations for a peace agreement between the United States and Iran. The fall in the commodity reduces the competitiveness of biofuels produced from grains and oilseeds. Investors also continued to react to… Monthly Supply and Demand Report (Wasde) June, released by U.S. Department of Agriculture (USDA)The document brought an upward revision to Argentine soybean production and raised estimates of global ending stocks of the oilseed, both for the current season and for the 2026/27 crop, reinforcing the perception of a comfortable supply in the international market. Weather conditions in the Corn Belt, the main soybean and corn producing region of the US, continued to be monitored by market participants. According to the daily weather bulletin of… USDASevere storms recorded on Thursday (11) caused hundreds of reports of damage caused by strong winds, especially in the northern and central regions of the states of Illinois and Indiana, as well as neighboring areas. Early this Friday, the most persistent rains moved to the southern Midwest, while a mass of colder and drier air spread across the rest of the region. Despite the localized impacts, the USDA He highlighted that most summer crops continue to have adequate moisture levels, a condition considered favorable for crop development. Next Monday (15), the USDA will release its weekly reports on export shipments and U.S. crop conditions. In addition, the market will be watching the publication of the monthly soybean crush report. US National Oilseed Processors Association (NOPA).
This text was translated by machine from Brazilian Portuguese.