At 9:27 am (Brasilia time) this Tuesday (2) the July soybean contract traded on Chicago Stock Exchange (CBOT) The futures contract registered a slight decrease of 2.50 points and 0.21%, quoted at US$ cents 1,178.50/bushel. The August contract retreated 2.00 points and 0.17%, to US$ cents 1,183.00/bushel. In the last session (29), the July contract fell 0.51%, to US$ cents 1,180.75/bushel, and the August contract ceded 0.44%, to US$ cents 1,185.00/bushel. In the case of derivatives, the oil It was down 0.66%, while soybean meal showed an upward trend (+0.06%). This morning, prices were pressured by the progress of planting for the 2026/27 US crop. According to the weekly report from United States Department of Agriculture (USDA)Soybean planting reached 87% of the planned area, an increase of eight percentage points in the week. At the same time last year, planting was at 83%, while the average for the last five years is 80%. USDA The report also indicated that 66% of crops were classified as being in good or excellent condition, practically stable compared to the 67% recorded in the same period of the previous harvest. Regarding the weather, the market is monitoring forecasts of isolated rain showers in parts of the Corn Belt, the country's main grain-producing region. According to the National Weather Service (NWS), storms may hit areas of South Dakota, Minnesota, and Iowa. "The storms will gradually weaken as they continue to move south during late evening and early morning," the weather service reported. In foreign trade, investors are reacting to the shipping data released by… USDAThe US exported 494,000 tons of soybeans in the week ending May 28, a lower volume than the previous week, but within the market's expected range of 400,000 to 600,000 tons. Meanwhile, market participants remain attentive to the volatility of oil prices amid tensions involving Washington, Israel, and Iran, a factor that directly influences the competitiveness of biofuels produced from grains and oilseeds. In South America, the market is monitoring the final stages of the record-breaking Brazilian harvest, estimated by [source missing]. DATAGRO In Argentina, work is also progressing, with production projected at 50.1 million tons.
This text was translated by machine from Brazilian Portuguese.