At 10:15 am (Brasilia time) this Tuesday (30), the July soybean contract traded on Chicago Stock Exchange (CBOT) The futures contract was operating at a moderate low of 8.50 points and 0.75%, quoted at US$ cents 1,117.75/bushel. The August contract retreated 8.75 points and 0.77%, to US$ cents 1,127.75/bushel. On the previous day (29), the assets closed in negative territory, with declines of 1.55% and 1.52%, quoted at US$ cents 1,108.50/bushel and US$ cents 1,119.25/bushel, respectively. In the case of derivatives, the bran and the oil They were down 0.72% and 2.27%, respectively. This morning, the market was awaiting the release of reports on planted area and inventories. United States Department of Agriculture (USDA)The expectation is that the USDA Slightly reduce your estimate for the area planted with corn and increase the projection for the area destined for soybeans, reflecting a migration of some producers between crops. Another factor putting pressure on the market was the appreciation of the dollar against the main global currencies, with a 0.17% increase in the DXY, which reduces the competitiveness of US exports. In the field, the USDA It was reported that 96% of the area planted with soybeans in the 2026/27 crop season has already reached the emergence phase, above the 93% recorded in the same period last year and the 95% average of the last five years. In addition, 19% of the crops have already entered the flowering phase and 4% have reached pod formation, a rate higher than the historical average of 15% and 2%, respectively. Regarding crop conditions, 65% of the area was classified as good or excellent, one percentage point below the previous week and the same period of the last crop season. US National Weather Service (NWS) The agency also maintained heat warnings for much of the Corn Belt. According to the agency, heat and extreme heat warnings remain in effect from central Kansas to the East Coast and from northern Michigan to the Gulf of Mexico. "Dangerous heat is expected to persist through Thursday. Storms may begin to bring some relief to parts of northern Illinois between Thursday afternoon and evening," the agency reported. NWSOn the demand side, the USDA It was reported that weekly soybean shipments totaled 419,000 tons in the week ending June 25, a volume within the range projected by analysts.
This text was translated by machine from Brazilian Portuguese.