Soybeans continue pressured and limit seasonal rise chance

The soybean market closed Tuesday's session with a predominantly negative bias in Chicago, reflecting an environment of caution and reducing the expectation of a seasonal upward movement at the end of the year. According to TF Agroeconômica, the oilseed continues to be pressured by a combination of unfavorable technical factors and fundamentals that do not support a consistent recovery in prices. The shorter contracts recorded slight losses, maintaining the bearish tone observed in recent trading sessions. The January expiration closed with a decrease of 0.26%, quoted at US$10.50 per bushel, while the March contract declined 0.21%, to US$10.62 per bushel. In the soybean complex, the meal showed a distinct behavior, with an increase of 0.74% in the January contract, closing at US$300.8 per short ton. Meanwhile, soybean oil fell again, with a decrease of 0.51%, closing at 48.30 cents per pound. The analysis of the day's performance points out that short-term technical indicators ...