Soybeans react in Brazil with a rise in the dollar and firmness in Chicago; check the quotes

The Brazilian soybean market saw an improvement in prices throughout the afternoon of this Wednesday (12), influenced by the rise in the dollar and the firm closing of futures contracts in Chicago. Despite negotiations between the US and China regarding soybean purchases, the direct impact on Brazilian prices was limited. The main motivation for the movement in the domestic market came from the appreciation of the dollar and the positioning of buyers in the interior of the country. Analyst Rafael Silveira from Safras & Mercado consultancy highlighted that producers took the opportunity to advance slightly in sales, mainly in the domestic market. At the ports, the movement was more restrained, with firm deals concentrated in some inland locations. In Chicago, soybean futures closed firm, amid volatility and anticipation of the November USDA report, which will bring adjustments to the 2025/26 American crop forecast and carryover stocks. The resumption of Chinese purchases in the ...