At the close at 4:30 pm (Brasília time), this Tuesday (2nd), the March contract fell 10.50 points and 0.77% on the Chicago Stock Exchange (CBOT), traded at US$ 1354.75 / bushel . May fell 11.75 points and 0.86%, at $ cents 1350.75 / bushel. The second session of the month was marked by the technical movement of profit making, climate issues in South America and coronavirus vaccination considered slow. In addition, the market assimilates the impacts of low oil supply in the United States amid the recent warming of global demand for soy and other agricultural products in the country. Argentina's participation in the international soybean meal market now corresponds to 39.9%, the lowest level in 20 years, according to data from the Rosario Stock Exchange. The forecast also points out that Brazil should continue with 25% participation and the United States may increase it to 20%.
This text was translated by machine from Brazilian Portuguese.