Trade4go Summary
The price of soybeans fell again on the Chicago Board of Trade (CBOT) this Wednesday (30), pressured by positive weather factors in the United States and the absence of China in the weekly lists of buyers. According to TF Agroeconômica, the August contract, a benchmark for the Brazilian crop, retreated 1.43% or 14.00 cents/bushel, closing the day at US$ 967.75. The September contract fell 1.39%, to US$ 975.75/bushel.
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Original content
The soybean quote fell again on the Chicago Board of Trade (CBOT) this Wednesday (30), pressured by positive climatic factors in the United States and the absence of China in the weekly lists of buyers. According to TF Agroeconômica, the August contract, a benchmark for the Brazilian crop, retreated 1.43% or 14.00 cents/bushel, closing the day at US$ 967.75. The September contract fell 1.39%, to US$ 975.75/bushel. The derivatives also followed the downward trend: soybean meal for August closed with a drop of 0.38% (US$ 260.70/short ton), while soybean oil fell 1.81%, to US$ 56.50/pound. The absence of Chinese buyers, who account for about 50% of U.S. soybean exports, has been a decisive factor in the negative pressure on prices, aggravated by the favorable climatic conditions for the development of crops in the productive belt of the U.S. Forecasts for the next 6 to 14 days indicate above-average rainfall, which reinforces the expectation of a good harvest. In addition, the market ...
Agrolink
Jul 31st, 2025
