Soybeans fluctuate in Chicago

The pace of oilseed prices once again drew attention at the beginning of the week, amid the irregular movement observed in the Chicago exchange, according to information from TF Agroeconômica. From there, market consultancies began to assess the behavior of the quotations, which oscillated throughout the day and ended close to stability, despite attempts at recovery. The contract for January declined slightly, as did the March positions, while meal and oil also closed in the negative. The analysis points out that the new signaling of external demand was not enough to sustain a consistent rise. Even with the announcement of the sale of an additional volume of the grain to Asian buyers, doubt prevailed about the competitiveness of U.S. soybeans in the face of recent internal revaluations and the decline in premiums in Brazil. In this scenario, consulted professionals emphasized that the market remains attentive to the potential for new business until the end of the year, in an ...