Soybeans retreat amid uncertainties about demand

Wednesday's session closed with a new drop in soybean prices, influenced by conflicting signals related to external demand. The market has been under pressure since the beginning of the week, amid rumors of shipments destined for China that have not yet received official confirmation. The absence of concrete data keeps investors cautious and limits stronger movements in positions. The January contract fell 0.80% and closed at 1115.75 cents per bushel, while March fell 0.84% and closed at 1125.50 cents per bushel. In the derivatives segment, December meal registered a slight decrease of 0.06%, quoted at 308.4 dollars per short ton. Oil followed the movement and fell 1.91%, closing at 51.35 cents per pound. Despite recent news pointing to the possibility of at least six ships carrying American soybeans to China by mid-December, the market awaits official confirmation. Analysts comment that spot purchases, when below the required limit, are not immediately reported, which contributes ...