Soy: Grain and derivatives market rises again in Chicago this 5th with good news about US debt
Soybean
United States
Published Jun 1, 2023
Original content
After two sessions of intense lows, soybean prices rose again on the Chicago Stock Exchange in the trading session this Thursday (1). Around 8:10 am (Brasília time), quotations rose from 15.50 to 19 points in the most traded contracts, bringing July back to US$ 13.18 and taking November to US$ 11.65 per bushel. Not only soy in grain, but soy derivatives also rose and recorded gains of over 1%, as well as corn and wheat. The market is going through a technical recovery and is following the movement that is also observed in other commodities, which also marked generalized losses this week. The approval of the bill to increase the US debt ceiling was approved in the House with broad support from both parties - Republican and Democrat - and gave space for the financial sector to breathe easier. There were 314 votes in favor and 117 against so that the project now goes to the Senate. On the other hand, traders continue to follow the development of the new American crop and the weather ...
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