Consultancy sees firm soybeans before official updates

The movement of soybeans in Chicago gained strength throughout Thursday amid expectations for the next official data from the sector. According to TF Agroeconômica, the market reacted to the resumption of activities by the United States government and the return of publications that had been suspended during the federal shutdown. Quotations advanced in the November and January contracts, accompanied by the firmness of the meal and adjustments in the oil, which began to oscillate again after the recent highs observed in the exchange. The impetus for the grain came from the possibility that the USDA will reduce its estimate of the American crop to 116.10 million tons. The reopening of the government also allowed the return of the WASDE report this Friday and the flash sales, which can indicate the pace of exports in the short term. However, the complete updates will only be fully aligned on January 2, when the flow of information is expected to return to the usual pattern. The meal ...