Soy operates in moderate drop on Wednesday at CBOT

At around 8:45 am (Brasília time) on Wednesday (30), soybeans on the Chicago Stock Exchange (CBOT) in the January contract operated in a drop of 7.20 points and 0.56%, at US$ cents 1,288.20. March was down 6.90 points and 0.53%, at $ cents 1,288.10 / bushel. In the previous session, the January soybean contract jumped 40.25 points and 3.21% at CBOT, trading at US$ 1295.00 / bushel, up May in two years. The March rose 38.75 points and 3.08%, at $ cents 1296.00 / bushel. Soybean futures are down in this night session at CBOT in the wake of profit-taking after the expressive highs recorded the day before with optimism related to the Chinese demand for North American grains. In addition, the strike in Argentina has ended and port work is resuming. Despite this, support continues with the most optimistic financial officer in this final stretch of the year with a stimulus package in the USA and vaccination around the world. Operators also expect weekly export records that the US Department of Agriculture (USDA) will release tomorrow (31).

This text was translated by machine from Brazilian Portuguese.