Unites States: See soybean prices on USDA report day

Published 2024년 6월 28일

Tridge summary

Soybean sales in the Brazilian market saw activity due to a rising dollar and volatile prices on the Chicago Board of Trade. Despite an increase in planted area and quarterly stocks in the US, soybean futures contracts experienced a decrease. The commercial dollar ended the session up 1.50%.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Soybean sales were busy on the Brazilian market this Friday (28). The day was full of good opportunities for the producer, with the dollar rising significantly and Chicago, despite closing down, experiencing moments of growth of more than 1% in the session. Prices at ports were also favorable to the movement. The best quote indications were for longer payments. Soybean futures contracts traded on the Chicago Board of Trade (CBOT) closed Friday with predominantly lower prices, increasing the losses accumulated in the week in the November position (-1.25%), in the month (-6.8 %), in the quarter (-6.9%) and in the semester (-11.4%). The day was volatile. At the end of the first positions there was a slight drop and the more distant ones, a slight increase. Today, despite the planted area report in the United States indicating lower-than-expected cultivation, the market followed the weak performance of corn and wheat. In the case of cereals, the report was considered bearish. The area ...
Source: CanalRural

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