Soybean prices and the grain market in Brazil and USA

The Brazilian soybean market had a quiet Monday (18), with volatile prices due to the Chicago fluctuation. According to Safras & Mercado, the dollar fell against the real and domestic prices were mixed, with little trading activity. Soybean futures contracts on the Chicago Mercantile Exchange (CBOT) closed higher, driven by the recovery of oil and good demand from the United States. The escalation of the conflict between Russia and Ukraine caused an increase of over 4% in oil, which also favored the increase in commodity prices, including wheat and soybeans. The United States Department of Agriculture (USDA) announced the sale of 261 thousand tons of soybeans to Mexico, 135 thousand tons of bran to the Philippines and 30 thousand tons of oil to India, with private exporters leading the transactions. In October, soybean crushing in the US reached a historic record of 199.959 million bushels, exceeding market expectations and the number recorded in the previous month. Soybean ...