At 9:29 am (Brasilia time) this Thursday (30), the August soybean contract traded on Chicago Stock Exchange (CBOT) The Brazilian futures contract was operating in stability with a downward bias (-0.50 points and -0.04%), quoted at US$ cents 1,177.50/bushel. The September contract was operating with the same intensity, at US$ cents 1,175.75/bushel. For the week so far, the assets have accumulated losses of 5.65% and 5.20%, respectively. In the case of derivatives, the… bran It depreciated by 0.10%, while the oil It showed a downward bias (-0.09%). On the previous day (29), contracts closed in negative territory, with a 1.11% drop for the August contract, at US$ cents 1,198.50/bushel, and a 1.14% drop for the September contract, at US$ cents 1,194.00/bushel. This morning, the market showed little volatility while awaiting the release of weekly US export sales data and an update on drought-affected areas monitoring, both published by Department of Agriculture (USDA)The agents also monitored mixed signals from other markets. The fall in oil prices reduces the competitiveness of biofuels produced from oilseeds and cereals, a factor considered negative for soybeans. Conversely, the weakening of the dollar against the world's major currencies, with a 0.16% drop in the DXY, tends to favor the competitiveness of US exports. In the climate field, the National Meteorological Service of USA (NWS) The agency reported that storms are expected in parts of central and western Iowa throughout the afternoon. According to the agency, some cells could reach severe intensity, with a risk of strong winds and the possibility of short-lived tornadoes, keeping the weather on the radar of market participants.
This text was translated by machine from Brazilian Portuguese.