Check soybean prices in Brazil and Chicago this Tuesday

The soybean market recorded better business for the industry in some locations in Brazil this Tuesday (16), although they remained weak for exports. According to Safras Consultoria, the market is still adjusting to current conditions, with producers holding on to business, as export prices remain unfavorable, even with the dollar rising well throughout the day. Today the Chicago Stock Exchange showed some volatility, but even managed to react a little at the end of the day. The fact is that, at the moment, the domestic market is paying better compared to export parity. Soybean futures contracts traded on the Chicago Board of Trade (CBOT) closed Tuesday with mixed prices, on a day of high volatility. The first positions had a slight increase and the others, a moderate decrease. After the holiday, agents tried to initiate a technical recovery movement. But the reaction ran up against the fundamental scenario. The market still felt the effects of the low numbers released by the ...