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Soybean prices record another session of lows on the Chicago Stock Exchange this Wednesday (3). Around 8:20 am (Brasília time), oilseed futures lost between 9.50 and 12.25 points in the main maturities, leading July to already operate below US$ 14.00, with US$ 13.98 per bushel. August has been quoted at US$ 12.78.
The market continues to be pressured by the combination of fundamentals and the financial market, which has had a week of greater risk aversion and caution before the arrival of the Federal Reserve's decision on interest rates in the United States.
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Thus, with funds looking for safer assets, commodities fell across the board this Wednesday, once again led by oil, which yields almost 3%, both in WTI and Brent.
Traders also remain attentive to the weather in the United States and the favorable conditions for planting in the country. According to the latest figures from the USDA (United States Department of Agriculture), soybean sowing reached 19% of the area as of last Sunday, surpassing the same period last year and the multi-year average.
Source: Carla Mendes | Notícias Agrícolas
