The November soybean contract traded on Chicago Board of Trade (CBOT) It closed this Wednesday (2) with a moderate drop of 7.50 points and 0.57%, quoted at US$ cents 1,310.25/bushel. The January 2027 contract fell 7.75 points and 0.58%, to US$ cents 1,325.00/bushel. On the other hand, both assets have accumulated gains in the partial week, respectively 1.73% and 1.71%. As for derivatives, the bran and the oil Prices fell by 0.81% and 2.50%, respectively. In this trading session, prices were pressured by profit-taking after gains in previous sessions. On the other hand, strong international demand and uncertainties regarding the productive potential of US crops helped limit a sharper decline. United States Department of Agriculture (USDA) The Department of Agriculture reported on Wednesday a one-off sale of 202,000 tons of soybeans to China. Yesterday (1st), the department had already announced another sale to the Asian country, of 136,000 tons. In the field, US soybean crops are advancing to the maturation and drying phases before harvesting in the Midwest. The hot and dry weather keeps the market attentive to the risk of productivity losses in areas that are still going through important stages of development. For Thursday (3rd), investors await the weekly export sales data from USDAIn addition to providing updates on drought conditions in key producing regions of the U.S.
This text was translated by machine from Brazilian Portuguese.