Soybeans have a day of stable prices and slight declines; check out the closing data

The Brazilian soybean market registered another day of low activity on Tuesday (11), with only spot lots being traded. According to analyst Rafael Silveira from Safras & Mercado, the producer who still has soybeans available prefers to hold on, seeking higher prices, while the buyer only goes to the market out of necessity, which keeps the spread high in some locations. According to him, the Chicago Board of Trade had little variation, and the dollar retreated, contributing to a scenario of stable to weaker prices. "Nothing very important happened today, the market is waiting for the supply and demand report from the United States Department of Agriculture (USDA) expected for Friday," observed Silveira. Soybean futures contracts closed mixed on Tuesday at the Chicago Board of Trade (CBOT). The front positions declined and the more distant maturities rose moderately. After two sessions of good gains, the absence of effective purchases of American soybeans by the Chinese caused the ...