Soybeans return to high trading on the Chicago Stock Exchange, riding the wave of corn recovery

Published 2025년 2월 3일

Tridge summary

The suspension of tariffs on Mexico by US President Donald Trump led to a strong rebound in the grain market, with significant gains in soybean futures on the Chicago Stock Exchange. Soybean futures for May and July saw increases of 13.25 to 15.50 points, quoted at US$ 10.72 and US$ 10.86 per bushel, respectively. While the market is wary of potential escalation in the trade war, the values set for Canada and China remain unchanged, with Canada threatening retaliation. Meanwhile, concerns about crop yields in South America due to adverse weather conditions are affecting market sentiment, particularly with a new heat wave expected in Argentina and certain regions of Brazil.

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

Original content

After the suspension of tariffs imposed on Mexico by US President Donald Trump, the grain market returned to trading with strong gains on the Chicago Stock Exchange on Monday afternoon (3), taking soybean futures with it. At around 1:50 pm (Brasília time), the most traded positions rose between 13.25 and 15.50 points, with May being quoted at US$ 10.72 and July at US$ 10.86 per bushel. Among derivatives, the movement was more contained, with oil reducing its losses - but still operating in positive territory, with a gain of just over 0.9% - and bran starting to operate higher, although with a timid increase in relation to the others, of 0.5% and March worth US$ 302.50 per short ton. The market is closely following all the Trump administration's moves, fearing new - and perhaps more extensive - phases of the trade war, but aware that it will still face many days of speculation surrounding these tariffs. The values determined by the president remain in place for Canada and China, ...

Source: NoticiasAgricolas