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The soybean market operates at a high this Wednesday morning (21) on the Chicago Stock Exchange. Oilseed futures rose 5.50 to 6.25 points in the main maturities, around 8:15 am (Brasília time), which made January reach US$ 14.84 and May reach US$ 14.88 per bushel. Bran and oil also test slight gains on the CBOT.
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The fuel for gains in the soybean complex in Chicago continues to be the adverse weather in Argentina. Despite some good rains that the country should receive between the Christmas and New Year period, the maps continue to show months of still very dry and hot weather that will continue to take away the productive potential of Argentine crops.
“And the GFS changed from Sunday to yesterday. Less rain in the week between Christmas and New Year. Then, more sun and little rain for the first week of January. For January, the models do not show consensus”, explains Eduardo Vanin, market analyst at Agrinvest Commodities.
Also on the radar is the current serious outbreak of Covid in China, with the number of deaths increasing significantly.
Likewise, space for other news on the macroeconomic front, including the war between Russia and Ukraine about to complete ten months.
Source: Carla Mendes | Notícias Agrícolas
