Soybeans and corn try to reach a bottom in the United States

After losing almost 5% of its price last week, soybeans recovered 1.8% this Monday and closed at US$351 in the first position and US$380 in the July 2025 position. On Monday, the local market was offering between US$348 and US$352 per ton of available soybeans and US$340 per ton of soybeans from the next harvest. In the final stretch towards the US harvest that the USDA projects will be a record, the absence of rain on crops during the next week seems to be the last chance for a climate-based market in the US to strengthen. The fall of the dollar in Brazil, which reduces the competitiveness and the export stimulus of the Brazilian producer, is another bullish component, together with a certain reactivation of Chinese demand in the United States, which appears attracted by the lowest prices in four years, although high stocks of soybean meal are registered in China. In the first half of 2024, soybean imports from China fell 9% compared to the first half of 2023. They total 48 ...