Soy operates with slight highs this beginning of the week in Chicago, US; the climate in AMS is in focus

Published 2023년 2월 27일

Tridge summary

The soybean market at the Chicago Stock Exchange experienced slight highs on Monday morning, with quotations rising between 0.50 and 2.75 points in the main maturities. The market also saw increases among oil futures. However, attention is still focused on the conclusion of the South American crop, with concerns about adverse weather conditions in Argentina and Brazil. Ginaldo Sousa, the general director of the Labhoro Group, has warned that if rains fail in Argentina in the first half of March, the crop could come below 30 million tons. Brazil is also facing challenges with its harvest due to incessant rains in some regions.

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Original content

The soybean market operates with slight highs this Monday morning (27) at the Chicago Stock Exchange. Around 7:05 am (Brasília time), quotations rose between 0.50 and 2.75 points in the main maturities, with May being quoted at US$ 15.31 and May, US$ 15.21 per bushel. In the complex, increases also among oil futures, of almost 0.6%, taking the first position to 61.63 cents per pound. In bran, small casualties were being recorded among the most traded contracts. The conclusion of the South American crop remains in focus, despite the new and recent initial figures for the United States crop, especially for Argentina, which continues to suffer from adverse weather conditions. "Argentina, due to the stage of soybean crops in the final flowering and pod filling phase, loses its productive potential day by day. If the rains fail in that first half of March, the Argentine crop will come below 30 million tons ", says the general director of the Labhoro Group, Ginaldo Sousa. "Climate ...

Source: NoticiasAgricolas