At 9:43 am (Brasilia time) this Tuesday (7), the August soybean contract traded on Chicago Stock Exchange (CBOT) The futures contract advanced 2.50 points and 0.21%, quoted at US$ cents 1,186.50/bushel. The September contract advanced 1.50 points and 0.13%, to US$ cents 1,182.50/bushel. In the last session (6), futures jumped 4.20% and 3.96%, quoted at US$ cents 1,184.00/bushel and US$ cents 1,181.00/bushel, respectively. In the case of derivatives, the bran It appreciated by 0.51% and the oil It showed an upward bias (0.04%). This morning, after the strong appreciation of the previous day, the market underwent adjustments, but continued to find support in the information that China has resumed purchasing soybeans from the United States. According to sources heard by Reuters and Bloomberg, the Chinese state-owned company COFCO On Monday, China purchased at least five cargoes of US soybeans, an estimated volume of around 300,000 tons. These purchases come just months after a meeting between US President Donald Trump and Chinese President Xi Jinping, where the two countries announced an agreement to expand agricultural trade, including a Chinese commitment to purchase at least US$17 billion worth of US agricultural products, plus approximately 25 million tons of soybeans annually until 2028. Investors are also closely monitoring the development of the US crop. According to… U.S. Department of Agriculture (USDA)34% of the 2026/27 soybean crop has already reached the flowering stage, above the 30% recorded in the same period last year and the 28% average of the last five years. In addition, 9% of the cultivated areas have already entered the pod formation stage, exceeding the 7% observed in the same period of 2025 and the 6% historical average. Regarding crop conditions, 64% were classified as good or excellent, one percentage point below the previous week. In terms of climate, the… US National Weather Service (NWS) It predicts storms and heavy rain in parts of the Midwest. According to the agency, a slow-moving cold front is expected to extend from the Mid-Atlantic to the Ohio Valley and the Lower Mississippi Valley, later moving towards the Central Plains before returning south on Thursday (9).
This text was translated by machine from Brazilian Portuguese.