At 9:45 am (Brasilia time) this Friday (10), the May soybean contract traded on Chicago Stock Exchange (CBOT) It recorded a moderate increase of 6.00 points and 0.51%, quoted at US$ cents 1,171.25/bushel, with a partial week appreciation of 0.67%. The July contract advanced 5.75 points and 0.49%, to US$ cents 1,186.75/bushel – a weekly gain of 0.57%. On the previous day (9), the futures They closed in positive territory, with a 0.28% increase for May, at US$ cents 1,165.25/bushel, and a 0.25% increase for July, at US$ cents 1,181.00/bushel. Regarding the derivativesThe price of soybean meal rose 2.14%, while soybean oil fell 0.65%. This morning, prices were driven by the rise in soybean meal, as well as the depreciation of the dollar against major global currencies, with the DXY falling 0.08%, a factor that favors US exports. Yesterday, the United States Department of Agriculture (USDA) It was reported that farmers sold 295,000 tons of soybeans in the week ending April 2, 2026, in line with market projections.
WASD and biofuels remain on the radar.
The market is still reacting to the report. Wasde In April, US production remained at 115.99 million tons and ending stocks at 9.52 million tons. The main revisions were in exports, reduced to 41.91 million tons, and in crushing, increased to 71.03 million tons, indicating higher domestic consumption. This movement is related to the new renewable fuels guidelines in the US, recently approved by… Country's Environmental Protection Agency (EPA) which tend to increase the use of soybean oil-based biofuels, reinforcing the demand for the oilseed.
This text was translated by machine from Brazilian Portuguese.