Soybeans in Uruguay at US$ 384, their highest in 15 months

It is the highest value in 15 months, since early October 2024, and right at the time of sowing. The price is somewhat above the budgeted amount (between US$ 360 and US$ 370 per ton) and may be timely to cover costs. Soybeans in Chicago have been rising for four weeks and started the week maintaining the favorable logic by increasing US$ 5 to US$ 425 per ton in the July 2026 position in a market optimistic about the expected normalization of the U.S. government's functioning as positions move closer to an agreement for budget approval in Congress. New signs of easing between China and the U.S. influence in the same direction, although in concrete terms, there have not yet been any purchases of U.S. soybeans by China or an official confirmation from Beijing that it will acquire 12 million tons before the end of the year and 25 million tons in the following three years, as stated by the White House. Contributing to the bullish tone on Monday is the market's estimate that the ...