The soybean market maintains a negative bias in Chicago.

The international soybean market has again shown a drop in quotations in Chicago, reflecting an environment of caution and negative pressure that has marked the month of December. According to TF Agroeconômica, the futures contracts closed Wednesday's trading session in decline, even in the face of recent news about spot purchases of soybeans by China. The contract for the oilseed with January expiration fell 0.42%, equivalent to 4.50 cents per bushel, closing at 1,058.25 cents. The March position also registered a loss, of 0.28%, or 3.00 cents per bushel, ending the day at 1,068.75 cents. In the derivatives market, soybean meal for January fell 1.39%, with a devaluation of 4.2 dollars per short ton, closing at 298.2 dollars. In an opposite movement, soybean oil for January had a rise of 0.48%, advancing 0.16 cent per pound, at 48.59. The negative trend persists even with announcements of flash purchases from China, which were not enough to sustain prices. The recent cancellation ...