Up or down? Find out the soybean quotes on the first Monday of December

The Brazilian soybean market had a day of few news on Monday (1st). According to analyst Rafael Silveira from consultancy Safras & Mercado, prices improved in some locations, but these were isolated movements. He adds that the best indications appeared at the port, with payment at the end of December and January, but without significant effective offers. According to Silveira, the producer continues to hold what remains of the available soybean, while the new crop is selling very slowly. "The dollar rose and Chicago fell more strongly, but the premiums adjusted this movement, leaving spot prices practically stable," he assessed. Soybean futures contracts closed lower on Monday (1st) at the Chicago Board of Trade (CBOT). The scenario of ample global supply of the commodity and doubts about the pace of Chinese purchases pressured quotations at the start of the week, with agents taking profits accumulated recently. The market remains skeptical about the possibility of China ending ...