Correction movement pressures soybean quotes

The international soybean market ended the week with a negative movement, reflecting price adjustments and increased caution from investors in the face of global demand behavior. According to TF Agroeconômica, contracts traded on the Chicago exchange closed the day and the week lower, with the market focused on official data and the evolution of Asian consumption. The January soybean contract fell 0.24%, or 3.00 cents per bushel, closing at 1,049.75 dollars. The March position fell 0.19%, with a loss of 2.50 cents, at 1,060.00 dollars per bushel. In the derivatives segment, January soybean meal closed down 0.20% at 297.8 dollars per short ton, while January soybean oil fell 0.52% to 47.86 cents per pound. According to the analysis, the oilseed has been undergoing a correction movement since mid-November, with no signs of a reaction in the short term. Even with the release of new sales and the update of weekly reports, the market stopped operating based on rumors and started ...