US: Bran shoots up more than 2 percent in Chicago and soybeans follow highs in this 2nd

Soybean meal futures soared in the early afternoon of Monday (6th) and registered highs of more than 2%, also leading to good gains among grain prices. Around 12:50 pm (Brasília time), in the derivative, the May contract had US$ 491.60 per short ton, up 2.2%, while the July contract rose 1.9% to US$ 480.50. At the same time, soybeans had gains of 15.25 to 17.25 points, taking May to US$ 15.34 and July to US$ 15.21 per bushel. "Soybean rises strongly driven by bran. There are already estimates of soy production in Argentina below 30 million tons, there will be a lack of bran over the months", informs the team at Agrinvest Commodities. And these estimates continue to reflect the completely adverse weather conditions, which continue to take away, in a continuous way, the productive potential of soybeans and also of corn in the country. And the weather forecasts continue to show more days of extreme heat and extreme drought. "Dry weather in Argentina. No rain forecast for the next 7 ...