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Soybean prices rise again on the Chicago Stock Exchange this Friday (26) and register good gains ranging from 11 to 12.75 points. Thus, July was US$ 13.36 and November, a reference for the American harvest, was quoted at US$ 11.84 per bushel.
The market is looking for a technical recovery after the latest lows, in addition to waiting for more news. After all, the beneficial climate in the USA for completing planting is already known to traders, as well as the more contained demand and large supply still available in Brazil.
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However, among derivatives, soybean oil rose more than 2% this Friday morning in Chicago, helping the grain's significant gains. This market has also been quite volatile and is closely following the future of biofuel policy in the USA.
New premises will be released by the White House in June and should be valid for the next three years.
Source: Carla Mendes | Notícias Agrícolas
