Soybean: market operates cautiously before the WASDE **Note:** WASDE is an acronym for the U.S. Department of Agriculture's (USDA) monthly World Agricultural Supply and Demand Estimates report.

The analysis by Grão Direto's specialist, released this Monday (9), points out that the main factor of volatility in the soybean market this week is the release of the February WASDE report from the United States Department of Agriculture (USDA), scheduled for this Tuesday (10), at 1pm. According to the assessment, the market operates with a cautious bias after previous revisions that raised U.S. ending stocks and maintained Brazilian production at high levels, around 178 million tons. The specialist states that, "if the USDA confirms that global demand, even with Chinese purchases, is not sufficient to absorb the record supply, Chicago may test lower levels". In light of this scenario, the guidance is for the producer to follow the release of the report and the market's reaction to evaluate timely opportunities. Weather conditions continue to influence the market differently between regions. In the Southern Cone, high temperatures and lack of rainfall in Rio Grande do Sul and ...