Tridge summary
The article reports on the dynamic of Brazil's soybean market, highlighting the fluctuation in prices as markets adapt to new crop values. It notes a decline in the Chicago Stock Exchange in conjunction with a slight increase in the dollar, while maintaining a positive premium for short-term payments despite a negative curve since March. The article also mentions the scarcity of offers and the impact of favorable Brazilian weather on crop markets, alongside a decrease in soybean futures contracts and an increase in oil on the CBOT. Additionally, it touches on the appreciation of the commercial dollar over the week.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Prices on the physical soybean market were mixed in Brazil this Friday (27), with discreet fluctuations. Many markets are still adjusting to the values of the new crop. The Chicago Stock Exchange fell on the day, while the dollar rose slightly. Premiums remain positive for short-term payments, however, since March, the curve has remained negative, albeit moderately. In general, the week's scenario was marked by few available offers. Soybean futures contracts traded on the Chicago Mercantile Exchange (CBOT) closed Friday with lower prices for grain and bran; oil rose. The market was pressured by the favorable weather for crops in Brazil and by weekly US exports below expectations. The ...
Source: CanalRural
Would you like more in-depth insights?
Gain access to detailed market analysis tailored to your business needs.
Related market data
What to read next
Read more relevant content
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.