The soybean market on the Chicago Stock Exchange continues to move with timid fluctuations this Friday (9), continuing the movement observed in the previous session. Prices lost, around 7:55 am (Brasília time), between 0.25 and 4.25 points, with August worth US$ 13.69 and November – which was an exception and losing 0.75 points – worth US$ 13. 18 per bushel.
Traders remain more cautious and defensive given forecasts of good weather conditions for the production belt in the United States in the coming days, despite some points of attention, as they adjust their positions ahead of the release of the new monthly supply and demand report that the USDA (United States Department of Agriculture) brings on the 12th, Monday.
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The bulletin has been awaited with some anxiety and should bring important numbers, mainly so that the market knows the new estimates of North American ending stocks.
Also this Friday, the USDA also brings its weekly export sales report – traditional for Thursday, but which arrives today due to the holiday of last Monday (5) – and also brings data that can change the market's mood, even if only on a one-off basis.
By: CArla Mendes | Notícias Agrícolas
