Soybean prices in Brazil and US this Tuesday

The Brazilian soybean market recorded better business opportunities this Tuesday (6). The lots are still not very large, but the internal pace has accelerated. Producers give in and offer greater volumes at current prices. The dollar and the Chicago Stock Exchange went in opposite directions. Soybean futures contracts traded on the Chicago Board of Trade (CBOT) closed Tuesday with higher prices. After recent losses, the market is sketching a technical recovery, through speculative purchases and covering short positions. Meanwhile, agents are positioning themselves in light of the USDA's February report, which will be released on Thursday (8). Attention should turn to the numbers in South America. Before the USDA, the market awaits Conab's new estimate for the Brazilian harvest, which will be released in the morning of the same day. Soybean contracts for delivery in March closed up 3.25 cents, or 0.27%, at US$ 11.99 1/2 per bushel. The May position was quoted at US$ 12.08 1/4 per ...