At the close, at 16:30 (Brasília time), this Friday (08), the March soybean contract advanced 19.50 points and 1.44% on the Chicago Stock Exchange (CBOT), traded at US$ cents 1374.75 / bushel, renewing maximums of more than two years. May rose 17.50 points and 1.26% to $ 1371.25 / bushel cents. The last session of the week was marked by signs of improvement in global and Chinese demand, still amid the economic uncertainties of the COVID-19 pandemic. The US Department of Agriculture (USDA) reported today that 240,000 tonnes of US soybeans from the 2020/21 harvest were purchased by China. Other sales for the current crop and 2021/22 to undisclosed destinations were reported during the week. In addition, the weather in South America and the technical movement of adjustments in positions after devaluation the day before also reverberated.
This text was translated by machine from Brazilian Portuguese.