At 9:32 am (Brasilia time) this Wednesday (13), the July soybean contract traded on Chicago Stock Exchange (CBOT) The Brazilian futures contract registered a slight increase of 2.25 points and 0.18%, quoted at US$ cents 1,229.00/bushel; the August contract advanced 1.75 points and 0.14%, to US$ cents 1,223.50/bushel. For the week so far, the assets have accumulated gains of 1.70% and 1.73%, respectively. In the last trading session (12), the maturities closed in positive territory, both with an increase of 1.13%, to US$ cents 1,226.75/bushel and US$ cents 1,221.75/bushel, respectively. In the case of derivatives, the bran It rose 0.76%, while oil It was down 0.27%. This morning, the market continued to react to the numbers from… Monthly Supply and Demand Report (WASDE) of United States Department of Agriculture (USDA), which brought the first official projections for the 2026/27 North American crop. For the 2025/26 season, the USDA The US Department of Agriculture reduced its final soybean stocks estimate to 9.25 million tons, below market expectations. Global stocks also came in lower than expected, estimated at 125.13 million tons. For 2026/27, the department projected production and stocks lower than anticipated by market participants, both in the US and globally. The US crop was estimated at 120.70 million tons, while ending stocks were estimated at 8.44 million tons. Despite the downward revision, the projected production would still be the second largest in the country's history, behind only the 2021/22 crop, when the country harvested 121.50 million tons. Investors are also monitoring President Donald Trump's visit to China, where he will participate in meetings with President Xi Jinping. The market expects Washington and Beijing to advance trade agreements involving Chinese purchases of US grains and meats. In terms of weather, agents are monitoring conditions in the Corn Belt, the main soybean and corn producing area in the US. According to the daily bulletin from… USDATemperatures remain near or below normal in areas east of the Mississippi River, while heat advances over the producing regions of the western part of the country. "The dry weather is allowing for an accelerated pace of planting of summer crops; as of May 10, 57% of the area designated for corn and 49% of the area designated for soybeans had already been planted in the U.S.," the department highlighted.
This text was translated by machine from Brazilian Portuguese.