At 9:40 am (Brasilia time) this Monday (18) the July soybean contract traded on Chicago Stock Exchange (CBOT) The July futures contract registered a significant increase of 26.75 points and 2.27%, quoted at US$ cents 1,203.75/bushel. The August contract advanced 26.25 points and 2.23%, to US$ cents 1,202.75/bushel. In the last trading session (15), the assets closed in negative territory, with a drop of 1.30% for the July contract, to US$ cents 1,177.00/bushel, and of 1.11% for the August contract, to US$ cents 1,176.50/bushel. For the week, they accumulated losses of 2.57% and 2.18%, respectively. In the case of derivatives, the bran and the oil Soybean prices advanced 1.32% and 1.46%, respectively. This morning, oilseed prices were driven by adjustments in positions, given the sharp losses recorded last week, as well as market optimism surrounding the announcement of new Chinese purchases of US agricultural products. According to a statement released on Sunday (17) by the White House, China committed to buying US$17 billion in agricultural products from the United States in 2026, 2027 and 2028. The agreement was reached after meetings between President Donald Trump and Chinese leader Xi Jinping held last week. The amount does not include the soybean purchase commitments made by Beijing in October 2025, something that was already expected by market participants. In addition to soybeans, the agreement provides for tariff reductions and increased Chinese purchases of US beef and poultry. In the field, investors are also monitoring weather conditions in the Corn Belt, the main soybean and corn producing region in the US. The country's National Weather Service has issued flood warnings for areas of Nebraska, Kansas, and Missouri. According to the agency, storms are expected to strengthen throughout the day, increasing the risk of severe wind gusts and possible localized tornadoes. Meanwhile, the market awaits the release of the weekly export report. U.S. Department of Agriculture (USDA), as well as updates on the conditions and stages of North American crops.
This text was translated by machine from Brazilian Portuguese.