The price of soybeans on the Chicago Grain Exchange registered an increase of 3.50 points on Monday (15.04) in the May/19 contract, closing at US$ 8.9875 per bushel. The other highlighted commodity maturities on the CBOT also closed the session with valuations between 3.50 and 3.75 points.
The main futures contracts opened the week with gains in the North American market, with signs that the United States would give in to end the Trade War. “There were reports that the USA could relax some of its demands made to China in order to reach an agreement with this country”, points out analyst Luiz Fernando Pacheco, from T&F Consultoria Agroeconomia.
AgResource Consulting points out that the market started the week strong, with CBOT operators receiving reports about supposed progress in trade reconciliation between the USA and China: “In addition, producers here in the United States are still waiting for the start of widespread planting. ARC recalls that there are already regions in the Mississippi Delta that are already advancing in field work, but without any significance for the country's harvest”.
"In general terms, speculation does not have a specific positioning, following neutrality without defining Trump's political issues and a full harvest from South America. Actively managed funds maintain their majority positions on the sell side for soybeans, corn and wheat. Corn once again reached the highest level of net sold positions on the CBOT, with a total surplus of 271 thousand contracts sold”, conclude the AgResource analysts.
Source: agrolink | Author: Leonardo Gottems
