Friday (22) begins with international future soybean prices operating in the positive field of the Chicago Stock Exchange (CBOT). In conclusion, the main prices fluctuated in the range between US$ 12.99 and US$ 13.35 at around 7:59 am (Brasília time).
Furthermore, November/23 was quoted at US$ 12.99 with an increase of 5.50 points, January/24 was worth US$ 13.17 with an increase of 6.75 points, March/24 was traded at US$ 13, 28 with an increase of 6.25 points and May/24 had a value of US$ 13.35 with a gain of 5.75 points. Therefore, the market for soy was performing positively at that time.
In the trading session last Thursday (21), prices fell sharply in Chicago following the financial movements of changes in the interest rate in the United States, as explained to Notícias Agrícolas, the Macrotrends Analyst at Pátria Agronegócios, Matheus Itagiba.
On this last day of the week, positions began activities seeking to return part of these losses, with purchases stimulated by yesterday's strong loss.
The international website Successful Farming highlights that the future of soy rose in early morning trading due to concerns about the weather in Brazil.
“Rainfall in the southern states of the South American country, the world's largest exporter of soy, it will increase concerns about excess moisture. Extremely hot and dry weather is expected to continue across the central and northwestern growing regions. The hot weather will continue next week,” said Don Keeney, agricultural meteorologist at Maxar, in a speech shared by Successful Farming.
Source: Guilherme Dorigatti | Notícias Agrícolas
