At 9:56 am (Brasilia time) this Tuesday (23), the July soybean contract traded on Chicago Stock Exchange (CBOT) The Brazilian futures contract was operating with a slight increase of 3.25 points and 0.29%, quoted at US$ cents 1,119.00/bushel; the August contract advanced 3.75 points and 0.33%, to US$ cents 1,126.25/bushel. On the previous day (22), the assets fell 0.62% and 0.51%, quoted at US$ cents 1,115.75/bushel and US$ cents 1,122.50/bushel, in that order. In the case of derivatives, the bran It rose 1.03%, while the oil Prices fell 0.84%. This morning, prices were driven by an adjustment in quotations, given the drop observed in the previous session. The market also finds support in optimism surrounding the normalization of maritime traffic through the Strait of Hormuz, following recent progress in diplomatic negotiations between the United States and Iran. In the agricultural sector, attention remains focused on the development of the North American harvest. Data from the U.S. Department of Agriculture (USDA)Data collected up to June 21st shows that planting of the 2026/27 soybean crop has been completed in the country. Of the total sown area, 93% of the crops have already reached the emergence phase, above the 89% recorded in the same period last year and the average of 90% for the last five years. Furthermore, 9% of the areas have already entered flowering, a rate higher than the historical average of 6% for this time of year. Regarding crop conditions, 66% of the area was classified as good or excellent, a percentage stable compared to the previous week and identical to that observed in the same period of the last crop season. USDA It is estimated that US producers cultivated 34.27 million hectares with soybeans in the 2026/27 season, an area 4% larger than that recorded in the previous cycle. On the other hand, gains were limited by the strengthening of the dollar against major global currencies, with a 0.30% increase in the DXY, a factor that reduces the competitiveness of US exports. The weaker performance of external demand also weighs on the market. According to… USDAWeekly soybean shipments totaled 241,000 tons, a volume below analysts' expectations, which ranged between 300,000 and 500,000 tons.
This text was translated by machine from Brazilian Portuguese.