At 9:18 am (Brasilia time) this Wednesday (17), the July soybean contract traded on Chicago Stock Exchange (CBOT) The Brazilian futures contract was operating with a moderate decline of 7.75 points and 0.69%, quoted at US$ cents 1,137.75/bushel; the August contract retreated 7.50 points and 0.66%, to US$ cents 1,142.00/bushel. For the week so far, the assets have accumulated gains of 2.18% and 2.08%, respectively. Regarding derivatives, the… oil and the bran They appreciated by 1.02% and 0.30%, respectively. On the previous day (16), the assets closed in positive territory, with a 0.96% increase for July, at US$ cents 1,130.00/bushel, and a 0.98% increase for August, at US$ cents 1,134.50/bushel. This morning, prices were supported by adverse weather in the United States. According to the National Weather Service (NWS), the weather remains hot and dry in parts of the Corn Belt, the country’s main soybean and corn producing region. The forecast indicates high temperatures and low humidity in much of Nebraska throughout the day. On the other hand, storms forecast for Iowa and Illinois may bring significant rainfall to important agricultural areas, easing concerns about water availability for crops. In addition to the weather, prices are finding support in the rise in oil prices on the international market. The rising value of energy commodities tends to increase the competitiveness of biofuels produced from oilseeds and grains. According to international press reports, Israel has continued attacks against targets in Lebanon, increasing uncertainty about stability in the Middle East and casting doubt on the consolidation of the agreement being negotiated between the US and Iran.
This text was translated by machine from Brazilian Portuguese.