Soybeans intensify losses in Chicago this Wednesday, but premiums at Brazilian ports reach up to 50 cents positive

Published Feb 12, 2025

Tridge summary

The soybean market on the Chicago Stock Exchange experienced significant losses, with futures for May and July dropping to US$ 10.47 and US$ 10.63 per bushel, respectively. This decline is linked to the USDA's latest supply and demand report, which has the market speculating about the impact of the trade war, particularly between China and the United States, and the weather conditions in South America on the 2024/25 harvest. There are concerns about crop yields in southern Brazil and Argentina, leading to reduced harvest estimates. Meanwhile, the USDA reported new soybean and corn sales to anonymous buyers, sparking rumors that China may be the buyer. Market analysts suggest that producers in Brazil should secure premiums to mitigate potential market volatility.

Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The soybean market intensified its losses on the Chicago Stock Exchange in the early afternoon of this Wednesday (12). The oilseed futures, at around 1 pm (Brasília time), fell between 12 and 14.75 points, already taking May to US$ 10.47 and July to US$ 10.63 per bushel. The grain futures followed the losses in the other components of the complex, with oil falling more than 1% and bran almost 0.9%. The market, after the release of the monthly supply and demand bulletin of the USDA (United States Department of Agriculture), once again focused its attention on the trade war in its new phase - especially trade relations between China and the United States -, as well as the weather in South America for the conclusion of the 2024/25 harvest. There are still points of concern, especially regarding crops in southern Brazil and Argentina, which has already caused private consultants to reduce their harvest estimates, while the USDA kept its number unchanged at 169 million tons. On ...

Source: NoticiasAgricolas