USA: Soybean futures rise on Chicago Board of Trade with technical boost

On Thursday morning (31), soybean futures opened higher on the Chicago Board of Trade (CBOT), with an increase influenced by technical purchases and the persistence of dry weather in the Midwest of the United States. At around 8:15 am (Brasília time), the maturities showed gains between 3.75 and 5.25 points. The contract maturing in November 2024 recorded an increase of 5.25 points, quoted at US$ 9.81 per bushel. The January 2025 contract rose 3.75 points, reaching US$ 9.95 per bushel, while the March 2025 contract also advanced 3.75 points, trading at US$ 10.09 per bushel. The May 2025 contract followed the same trend, with an increase of 3.75 points, quoted at US$ 10.25 per bushel. According to the publication Successful Farming, the slight advance in soybean futures in overnight trading is mainly due to technical factors and dry weather in the ...