Check out how the rise in the dollar has impacted soybean prices

Silveira adds that the dollar rose strongly, but there was little effect on the day's prices, which remained between stable and higher. “Few new developments were observed, with the scenario still marked by the advance of planting, which progressed better this week, with the return of rains in the Northeast, affecting the MAPITO [Maranhão, Piauí, and Tocantins], and the producer remains focused on advancing planting. In Goiás, there were also good rains favoring the progress of sowing,” he evaluated. The day was marked by volatility, with the market oscillating between positive and negative territories several times. According to Silveira, part of the prices were pressured by market skepticism regarding the Chinese promise to buy 12 million tons, even after the USDA confirmed the acquisition of 462 thousand tons on Wednesday (20). The drop in oil and the greater aversion to risk in the financial sector also weighed on the oilseed. “On the other hand, there was a technical recovery ...