US: Soybeans resume post-holiday business operating in decline on the Chicago Stock Exchange with an eye on the climate and financial
Soybean
United States
Published May 30, 2023
Original content
Soybean futures resume business after the US holiday, Memorial Day, operating in the red on the Chicago Stock Exchange this Tuesday (30). Close to 7:40 am (Brasília time), oilseed futures yielded more than 1%, following losses that were also observed in oil and soybean meal, with oil leading the losses. Corn works stable and wheat, in low. According to market analyst Eduardo Vanin, from Agrinvest Commodities, prices reflect better rainfall conditions shown on some maps - especially for the period of 8 to 15 days - and also the bad mood of the financial market. "Democrats and Republicans reached an agreement, but its approval will be much more difficult than imagined", says the specialist. Still this Tuesday, the market is also waiting for new data on planting and development of North American crops that will be reported at 5 pm (Brasília time) by the USDA ...
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