Consultancy points to advance in soybean purchases

The movement of soybean contracts on the Chicago exchange ended the day higher, supported by signs of increased external demand and the expectation generated before the holiday in the United States. The market reacted to the increase in purchases reported at the end of the previous session, which gave new impetus to the quotes. According to TF Agroeconômica, the contract for January rose 0.60%, closing at 1131.50 cents per bushel. The March position advanced 0.53%, to 1140.75 cents. In the derivatives market, meal for December registered a slight increase of 0.03%, while oil for the same month had a 1.13% appreciation. The consultancy reported that, according to Reuters, between ten and fifteen cargoes of soybeans were acquired by China on Tuesday, following a conversation between the presidents of the United States and China. The report states that the dialogue would have encouraged the expansion of purchases of agricultural products, which contributed to strengthening the demand ...