Soybeans start week with good hikes in Chicago this 2nd focusing on smaller area in the USA

Soybeans start week with good hikes in Chicago this 2nd focusing on smaller area in the USA
Soybeans start week with good hikes in Chicago this 2nd focusing on smaller area in the USA

The week begins with rising soybean prices on the Chicago Stock Exchange. At around 7:35 am (Brasília time) on Monday (5), oleginosa futures rose between 12.75 and 16.75 points, with the most distant positions registering the most expressive gains. Thus, May had $ 14.14 and September, $ 13.13 per bushel.

Quotations react to projections that the area cultivated with soybeans in the US is smaller than expected – according to the latest projections from the USDA (United States Department of Agriculture) reported last week – and traders increasingly monitor closely, the North American climate for the beginning of planting.

At the same time, attention remains on Chinese demand – calmer now – and the more effective arrival of the South American harvest on the market. The market also follows the progress of other commodities, such as the rise in corn and wheat in CBOT and the decline in softs and oil in the New York Stock Exchange. WTI was down 1.7%, bringing the barrel to $ 60.40.

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In Brazil, attention remains on the dollar, which has been quite volatile, and in the direction that prices on the Chicago Stock Exchange will take.

“The environment should be calm in the coming days and still favorable for some exchanges for inputs for the new harvest, which should grow to around 40 million hectares”, says Vlamir Brandalizze, market consultant at Brandalizze Consulting.

See how it closed the market in the last week:

+ Soybeans: Brazilian exports set a record in March and prices remain strong in the country

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