Soybeans reversed course and closed higher on the CBOT this Monday.

The July soybean contract traded on Chicago Stock Exchange (CBOT) closed this Monday (15) with a moderate increase of 5.75 points and 0.52%, quoted at US$ cents 1,119.25/bushel; the August contract rose 4.75 points and 0.42%, to US$ cents 1,123.50/bushel. Regarding derivatives, the oil and the bran They appreciated by 0.12% and 0.23%, respectively. In this trading session, after starting the day down, the market reversed course and began operating in positive territory, supported by strong international demand and the depreciation of the dollar against major global currencies. The DXY index fell 0.20%, increasing the competitiveness of US exports. According to data released by United States Department of Agriculture (USDA)Weekly soybean shipments totaled 523,000 tons in the week ending June 11. The volume was within market expectations, which ranged between 345,000 and 600,000 tons, and represented a 27.0% increase compared to the previous week. Year-on-year, shipments advanced 131.4%. In the domestic market, investors also reacted to the figures released by [source missing]. US National Oilseed Processors Association (NOPA)The organization reported that its member industries processed 5.68 million tons of soybeans in May. This result fell short of the market's average expectation, which pointed to a crushing of 5.77 million tons. Meanwhile, weather conditions in the Corn Belt, the main soybean and corn producing region of the US, continue to be monitored by market participants. According to the daily weather bulletin… USDAA mass of cooler air followed the wave of intense rains and severe storms recorded last week. Between June 9th and 11th, dozens of tornadoes and more than a thousand reports of damage caused by strong winds were recorded in Midwestern states, causing localized damage to crops and agricultural structures. Despite this, the department highlighted that most cultivated areas have adequate soil moisture levels. "Even so, most corn and soybean crops in the Midwest have sufficient soil moisture for normal development," the department emphasized. USDAMarket attention now turns to the weekly update on crop conditions and stages in the United States, which will be released later today by [source name]. USDA.

This text was translated by machine from Brazilian Portuguese.