Soybean market maintains moderate growth in Chicago, but with stability in the global scenario

On Thursday morning (26), soybean prices traded on the Chicago Stock Exchange continued to rise slightly, but remained somewhat stable. The market is going through a period of adjustments after the significant gains recorded in recent days, but is still operating in positive territory. At around 6:30 am (Brasília time), soybean futures contracts were up between 0.50 and 1.50 points, with the November contract quoted at US$ 10.54 per bushel, while the May contract reached US$ 10.98 per bushel. The adverse weather in Brazil continues to support prices, with significant rainfall forecasts only for the second half of October. This weather condition is keeping the planting of the 2024/25 crop behind schedule, both in Brazil and Paraguay, generating uncertainty in the market. In addition, investors remain alert to the possible impacts of the economic stimulus package announced by the ...