Soybeans close mixed in Chicago while awaiting the WASDE report

The international soybean market closed trading on Tuesday with mixed movements and little influence from relevant news about Chinese demand. Quotations on the Chicago Board of Trade had discreet fluctuations, reflecting a scenario of uncertainty in U.S. exports and expectation around the global supply and demand report (WASDE), which will be released this Friday. According to TF Agroeconômica, the November soybean contract closed with a slight decrease of 0.25%, at 1,113.25 cents per bushel, while the January contract fell 0.24%, to 1,127.25 cents. In the derivatives segment, soybean meal for December fell 0.97%, trading at 316.9 dollars per short ton. Soybean oil, however, showed the opposite movement and advanced 1.03%, quoted at 51.10 cents per pound. According to the consultancy, the day was marked by a technical behavior of prices, with the market reacting to the lack of new purchases by China. Chinese demand for U.S. soybeans remains contained, while Brazil maintains a ...