Soybeans close trading stable

Soybeans closed virtually unchanged on Wednesday (15) at the Chicago Board of Trade, supported by a positive crushing report released by NOPA. According to TF Agroeconômica, the volume processed in the United States reached a record level for the month of September, 11.6% higher than in 2024, while soybean oil stocks fell to the lowest level in nine months, a factor that helped contain downward pressure from the political and commercial scenario. At the close of the day, the November contract ended stable at US$ 1,006.50 per bushel, and the January contract also unchanged at US$ 1,024.25. Soybean meal for December rose 0.58%, to US$ 275.90 per short ton, and soybean oil for the same month advanced 0.45%, to US$ 50.80 per pound. Despite the support from the fundamentals, the oilseed was affected by statements from former President Donald Trump, who again threatened to cut Chinese imports of cooking oil in retaliation for Beijing's decision not to buy American soybeans. Trump stated ...