At around 12:57 pm (Brasília time), futures prices for soy on the Chicago Stock Exchange showed gains, with advances between 4.00 and 4.25 points.
Soybean futures on the CBOT showed gains in today's session, with advances between 4.00 and 4.25 points. The November/24 contract rose 4.00 points, reaching US$ 9.80 per bushel, while January/25 and March/25 also recorded increases of 4.00 points, being traded at US$ 9.95 and US$ 10.09 per bushel, respectively. The May/25 contract had the biggest advance, with 4.25 points, and was quoted at US$ 10.25 per bushel.
The soybean market is closely monitoring the progress of the Brazilian harvest, with an expected increase in the planted area. According to Rabobank, an increase of 1.5% in the soybean planted area is expected for the 2024/25 harvest, totaling 47 million hectares.
USDA releases soybean prices
The United States Department of Agriculture (USDA) reported soybean sales last week, totaling 2.273 million tons for the 2024/25 harvest. Furthermore, this volume was within market expectations, which ranged from 1.6 to 2.8 million tons.
Financial market
In the financial market, the dollar, in turn, was stable against the real this Thursday, remaining above R$ 5.76. Firstly, inflation data in the United States, which were in line with expectations, and, in addition, the lack of new information on the national economic scenario influenced this behavior, thus leaving investors without a defined direction.
At around 9:51 am, the spot dollar recorded a slight increase of 0.01%, quoted at R$ 5.7645. Meanwhile, on B3, the first maturity dollar futures contract rose by 0.02%, reaching R$ 5.766.
Source: Andressa Simão | Notícias Agrícolas
