Soybean prices fluctuate in Brazil

The Brazilian soybean market experienced price volatility on Monday (30), following the movements of Chicago and the dollar. Physical prices were bullish at their best, but with payments starting in February. The day had few active agents and the market was without business throughout Monday. In addition, soybean futures contracts traded on the Chicago Mercantile Exchange (CBOT) closed Monday with higher prices. In a volatile session, the grain, which had risen more than 1% earlier, lost strength and even flirted with negative territory. The forecast of wet weather in the producing regions of Brazil weighed heavily. In Argentina, the expectation is that the weather will not be as favorable for crops, with a water deficit in some regions of the country. Soybean contracts for delivery in January closed up 2.00 cents or 0.2%, at US$ 9.82 per bushel. The March position was quoted at US$9.91 3/4 per bushel, with a gain of 2.00 cents, or 0.2%. In by-products, the January position for ...