USA: Commodities have a new general low this fourth fair and soybean futures give more than 1% in Chicago
Soybean
United States
Published May 31, 2023
Original content
The market tests new and considerable lows on the Chicago Stock Exchange this Wednesday morning (31). The quotations, around 8:00 am (Brasília time), retreated between 15 and 18.75 points, with July being quoted at US$ 12.80 and November at US$ 11.38 per bushel. Prices will, therefore, renew their lows in months on the CBOT. Soybean oil also continues the losses, as well as bran, corn and wheat. Oil and wheat are down more than 2% this morning. Commodities generally give way, once again, with oil retreating more than 2.8% after having already ended the previous session with more than 4% of fall. Concerns about the future of the US debt ceiling are at the center of concerns, since despite an agreement signed, implementing it may be even more difficult. Thus, financial interference, especially this week, is still very present. Among the fundamentals, the market remains attentive to the American climate and the final stretch of planting for the 2023/24 crop. According to figures ...
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