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The soybean market continues to work in a positive direction this Wednesday (7). Oilseed futures, at around 7:20 am (Brasília time), prices rose from 2 to 5.75 points, with January being quoted at US$ 14.60 and May at US$ 14.73 per bushel.
Bran and oil also work in a positive field, registering modest gains – of 0.53% and 0.13%, respectively – continuing the upward movement of the previous session.
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Traders have a week marked by adverse weather conditions in Argentina, with a heat wave intensifying high temperatures, in addition to keeping the weather very dry and, consequently, field work very compromised.
In Brazil, the rains are still irregular, however, they come and go, bringing relief to some parts of the country. The place of greatest concern continues to be the south, where rainfall is very limited or not at all.
The relaxation of Covid-19 control measures in China – with new announcements made this Wednesday – is also on the market's radar, especially regarding how this information will impact consumption.
The international grain market is also adjusting before the arrival of the new monthly supply and demand report from the USDA (United States Department of Agriculture), this Friday (9).
Source: Carla Mendes | Notícias Agrícolas
