Lack of U.S.-China agreement and La Niña shape soybean outlook

The soybean market ended the week with a sideways behavior, influenced by internal climatic factors and instabilities in the international scenario. The analysis from Grão Direto points out that, even with a slight oscillation in the soybean futures contracts at the Chicago Board of Trade (CBOT), the Brazilian physical market remained stable, supported by still high port premiums. At the CBOT, the August 2025 contract registered a slight appreciation of 0.52%, closing at US$ 9.67 per bushel. The March 2026 expiration had a marginal decline of 0.10%, ending the week at US$ 10.22 per bushel. In the foreign exchange market, the dollar retreated 1.98%, being quoted at R$ 5.44, despite the more than 1% increase in the Dollar Index (DXY), which reflected the global movement towards safe-haven assets. Internally, the advance of planting was favored by regular rains in the Midwest, with a highlight for Mato Grosso. In the Southeast, the pace remained slow, restricted to irrigated areas, ...