Moderate high and expectation of volatility in agriculture

International agricultural markets continued the week with moderate advances, amid the gradual resumption of official data in the United States and the still-uncertain regulatory scenario in the European Union. The performance of the S&P GSCI Agriculture Index, which rose 1.1% by December 1, reflected a restrained trading environment and expectations of increased volatility in the coming weeks. According to an analysis by Rabobank, the delayed release of reports by the USDA and the CFTC, a result of the U.S. government shutdown, limited the confidence of participants. Export inspections continue to indicate weakness in U.S. soybean sales, but the absence of updated export data has opened the door for some support, driven by occasional sales to China. The resumption of publications brought an initial cautious reaction, with the possibility of broader movements when the fundamentals and the positioning of the agents are fully clarified. In Europe, the regulatory debate advanced ...