Soy Closes Day, Week, and Month Lower

Soybeans closed the day, week, and month down on the Chicago Board of Trade (CBOT), pressured by both seasonal factors and uncertainties in the international scenario. According to information from TF Agroeconômica, in addition to the harvest advance in South America, the market was impacted by the U.S. administration's lack of definition regarding tariffs with trading partners such as China and the European Union, generating insecurity and reducing the appetite of external buyers. At the close of this Friday (05/30), the July soybean contract, a reference for the Brazilian harvest, ended with a 0.95% drop, or 10.00 cents per bushel, quoted at US$ 10.41. The August contract fell 1.12%, equivalent to 11.75 cents, closing at US$ 10.36. In the derivatives segment, July soybean meal fell 0.03%, to US$ 296.30 per short ton. Soybean oil was the biggest loser, plummeting 3.10%, to US$ 46.89 per pound-weight. TF's analysis points out that, in addition to the typical pressure of the ...