The July soybean contract traded on Chicago Stock Exchange (CBOT) The futures contract closed this Thursday (21) with a slight decrease of 5.50 points and 0.46%, quoted at US$ cents 1,194.25/bushel; the August contract fell 5.75 points and 0.48%, to US$ cents 1,193.50/bushel. However, in the partial week, the assets accumulate gains of 1.47% and 1.44%, in that order. In the case of derivatives, the oil and the bran They depreciated by 1.06% and 1.12%, respectively. In this trading session, investors took profits after gains registered throughout the week, amid expectations of a large global supply of the oilseed. According to the new report from International Grains Council (IGC)Global soybean production is expected to reach 430 million tons in 2025/26, a volume 2 million tons higher than projected last month. For the 2026/27 crop year, the global estimate was raised from 441 million to 442 million tons. In Argentina, the Buenos Aires Grain Exchange (BCBA) The company also revised its 2025/26 crop production forecast upwards, from 48.6 million to 50.1 million tons. Another factor putting pressure on the market was the drop in oil prices internationally, a movement that reduces the competitiveness of biofuels produced from grains and oilseeds. In the field, investors followed mixed indicators regarding weather conditions in the United States. The survey by U.S. Department of Agriculture (USDA) Regarding areas affected by drought, the data showed improvement in soybean crops, with the portion under drought conditions decreasing from 28% to 27%. On the other hand, the weekly climate bulletin from USDA The report indicated that recent rains in the U.S. Midwest have delayed some fieldwork for the 2026/27 crop season. It also highlighted frost and freeze warnings in the Great Lakes region and northern Michigan's Lower Peninsula, which could affect flowering crops, especially fruits. On the demand side, the… USDA It was reported that net sales of soybeans from the 2025/26 crop totaled 514,000 tons in the week ending May 14. This volume exceeded the 183,000 tons recorded in the previous week and was 62% above the average of the last four weeks.
This text was translated by machine from Brazilian Portuguese.