USA: New oil surge pushes oil futures in Chicago and boosts grain prices

In the early afternoon of this Monday (18), soybean futures traded on the Chicago Stock Exchange reduced their losses and began to operate with stability, but still on the negative side of the table. The most traded positions, around 12:10 pm (Brasília time), lost between 0.50 and 1.25 points, with January being quoted at US$ 13.15 and May, US$ 13.41 per bushel. Unlike what was recorded earlier, soybean oil - which was also working with stability - operated with good increases, of more than 1%, accompanying a new surge in oil, of more than 3% this afternoon, bringing the barrel Brent back to US$78.00. The bran continued to work with a slight retreat. "Soybean futures contracts came to zero their overnight falls, with an eye on the troubled global energy scenario. Maritime routes passing through the Red Sea and Suez Canal are being avoided by the largest shipping and oil companies in the world", explains the team from Agrinvest Commodities. Despite this, the market remains focused ...