Soybeans recorded losses on the CBOT on Wednesday morning.

At 9:55 am (Brasilia time) this Wednesday (29), the August soybean contract traded on Chicago Stock Exchange (CBOT) The Brazilian futures contract was trading sharply lower, down 13.50 points and 1.11%, at US$ cents 1,198.50/bushel. The September contract was down 13.75 points and 1.14%, at US$ cents 1,194.00/bushel. For the week so far, both assets have accumulated losses of 3.97%. In the case of derivatives, the… bran The average price of soybeans depreciated by 0.91%, while oil showed an upward bias (+0.06%). On the previous day (28), assets closed in positive territory, with a 0.29% increase for the August contract, at US$ cents 1,212.00/bushel, and a 0.42% increase for the September contract, at US$ cents 1,204.75/bushel. This morning, the market reacted to new weather forecasts indicating rain over important producing areas of the Corn Belt, the main soybean and corn growing region in the United States. Storms and precipitation are expected in parts of Nebraska, Iowa, and Illinois until next weekend, a scenario that could favor crop development and improve prospects for the North American harvest. In addition to the weather, the expectation of greater availability of soybeans in the global market also weighed on prices. On Tuesday (28), the Brazilian Association of Vegetable Oil Industries (Abiove) The agency raised its projection for Brazilian soybean exports in 2026 to a record 115.4 million tons, a 1.1% increase compared to the estimate released in June. The agency also revised upwards its projection for soybean crushing in the country. In the macroeconomic scenario, investors are awaiting the monetary policy decision from [the relevant authority]. Federal Open Market Committee (FOMC)of Federal Reserve (Fed), scheduled for 3 PM. According to the tool FedWatch, from the CME Group64% of analysts expect the US central bank to keep the benchmark interest rate in the range of 3.50% to 3.75% per year, while 36% predict an increase of 0.25 percentage points.

This text was translated by machine from Brazilian Portuguese.