This Tuesday morning (15), the soybean market is operating in the red on the Chicago Stock Exchange. Prices were losing, around 7:20 am (Brasília time), between 5.50 and 6 points in the main contracts, with May worth US$ 10.35 and August, US$ 10.38 per bushel.
Once again, grain futures are following losses in bran, which this morning exceed 1%, while oil is operating stable, but still in negative territory, after the previous session's plunge.
Traders, although still very focused on the trade war scenario, are also starting to turn their attention to the start of the new US harvest. The USDA (United States Department of Agriculture) released the first figures for the 2025/26 North American soybean planting yesterday. This data also exerts some pressure on prices.
As of last Sunday (13), the area planted with oilseeds reached 2%, against 3% of market expectations and that recorded in the same period last year. The average for the last five cycles is 2%.
The market will now monitor the weather conditions in the American Midwest with caution and attention. So far, they have been satisfactory, despite some specific problems, as is common in every season. This scenario could bring a little more volatility to the market.
This week, traders are keeping an eye on soybean sales in Brazil and Argentina. This is because the Argentine government has unified its exchange rates and done away with the dollar blend. This change is expected to boost sales among Argentines. However, producers seem more focused on moving forward with the harvest since the rains have given them a break.
Source: Carla Mendes | Notícias Agrícolas
