Soy makes modest gains this Monday morning in the US, still keeping an eye on the adverse weather

Updated Nov 20, 2023
Soybean prices rise this Monday morning (20) on the Chicago Stock Exchange. Around 7:30 am (Brasília time), prices rose between 3.75 and 5.50 points in the main maturities, taking January to US$ 13.45 and May to US$ 13.73 per bushel. Despite the intense volatility of recent days, according to analysts and consultants, the upward trend continues.
And the timid gains at the beginning of the week come after a weekend of dry weather in most of Brazil's producing regions. Conditions in Paraguay and Argentina are also in focus. "Dry weather during the weekend in Brazil, with rain only in the southern states and Paraguay. Argentina predominantly dry weather", says the general director of Grupo Labhoro, Ginaldo Sousa. "The climate forecasts, according to the GFS (American model) for the next 10 days indicate good rains for the South region, part of SP, part of MG and Paraguay. Light to moderate rains for the rest of the Southeast and Central West. MATOPIBA, only MA and TO will receive more abundant rain, with PI and BA dry". On the other hand, the European model's forecasts indicate better conditions, with more consistent rain for the Southeast and Center-West of Brazil, as Sousa explains. The director of Labhoro also draws attention to the presidential elections in Argentina that gave victory to Javier Milei. "Argentina is ...
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