Negative week for soybeans in Chicago, with pressure from broad supply and favorable weather in the US

Published 2025년 6월 28일

Original content

The week was marked by significant declines in the international soybean market. At the Chicago Mercantile Exchange (CBOT), grain futures closed the period pressured by a combination of factors: favorable weather for crop development in the United States, ample global supply, and the recent ceasefire between Iran and Israel, which reduced fears of logistical or energy disruptions. According to analyst and consultant Rafael Silveira from Safras & Mercado, prices continue to suffer from the record volume coming from South America. "Brazil has already exported 60.551 million tons of soybeans in the 2024/25 season, and Argentina, 22.337 million. Both still have practically double that available for the market," he explains. In Brazil, the external scenario was added to the appreciation of the real against the dollar, causing additional pressure on domestic prices. The week saw sporadic business, without significant movement. In Rondonópolis (MT), indicative prices closed at R$ 115 per ...
Source: CanalRural

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