Soybean market in US has been recording a week of volatility and this Thursday, tests slight increases

The soybean futures traded on the Chicago Stock Exchange, this Thursday (24), operates with slight gains. Around 7:55 am (Brasília time), quotations rose from 4.50 to 7.25 points, with November being quoted at US$ 13.67 and May/24 at US$ 13.82 per bushel. Bran prices also rise on the CBOT, while soybean and corn oil operate in the red. The market is still very volatile this week, trying to balance between the data coming from the Pro Farmer Crop Tour, information about the weather in the US, demand and financial behavior. Gradually, the conditions for starting planting in South America also came to traders' radars. Although the 2023/24 crop in the United States is in its final stages, the weather scenario indicating hot and dry weather in the coming days could still harm crops and, as explained by market analyst Eduardo Vanin, from Agrinvest Commodities, the conditions could prevent a evolution of productivity and what ...