At 9:39 am (Brasilia time) this Monday (4), the July soybean contract traded on Chicago Stock Exchange (CBOT) The futures contract registered a moderate increase of 5.00 points and 0.60%, quoted at US$ cents 1,209.25/bushel. The August contract advanced 5.75 points and 0.48%, to US$ cents 1,203.00/bushel. In the case of derivatives, the bran and the oil Prices rose 0.12% and 0.22%, respectively. This morning, prices were boosted by new adverse weather forecasts for the Corn Belt region of the United States, an area dedicated to soybean and corn crops. According to the daily weather bulletin from U.S. Department of Agriculture (USDA)The region is expected to face sub-zero temperatures in cities across Minnesota and the Dakotas. "Frosts in these cities and many other locations in the Midwest posed a threat to flowering grains and developing summer crops, and may also have burned some pastures," the department warns. Meanwhile, agents await the release of the weekly export report. USDAThis could provide clues about US demand, as well as the US crop conditions and stages report, scheduled for release after the close of trading. Losses were limited by the appreciation of oil in the international market, driven by the impasse in the Middle East, which increases the competitiveness of biofuels made from oilseeds and grains.
This text was translated by machine from Brazilian Portuguese.