Image: Pixabay
At 7:43 am (Brasília time) this Wednesday (26), the August soybean contract on the Chicago Stock Exchange (CBOT) showed a slight increase of 2.00 points and 0.13%, traded at US$ cents 1,517.50/bushel – weekly advance of 1.10%; September's rose 2.50 points and 0.17%, at US$ cents 1,453.00/bushel.
In relation to derivatives, bran increased in value by 1.34%, while oil fell by 1.28%.
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Yesterday (25), the oilseed spot registered a drop of 0.51%, pressured by the technical profit-taking movement.
This morning, investors analyzed the climate forecast in the producing regions of the United States. In the coming weeks, high temperatures and below-average rainfall are expected. However, better volumes are expected further east of the Corn Belt.
In Russia, the export tax on Russian sunflower oil will remain zero in August, the third consecutive month. The export tax on sunflower flour will increase from 6,248.7 rubles/tonne to 7,444 rubles/tonne.
They also reflected the expectations of the financial market regarding the meeting of the Federal Open Market Committee (Fomc) of the Federal Reserve (Fed, the US central bank), whose deliberation will be announced at 3 pm. The expectation is for an increase of 0.25 percentage points in the interest rate, to a range between 5.25% and 5.50% per year.
Source: datagro
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