At 2.33 pm (Brasília time), this Monday (08), the March soybean contract advanced 24.25 points and 1.77% on the Chicago Stock Exchange (CBOT), traded at US$ cents 1390.50 / bushel . May was up 22.50 points and 1.65% at $ 1388.25 / bushel. Maturities increased morning earnings with information that shipments of the US oilseed totaled 1.801 million tonnes in the week ended February 4, compared to 1.906m tonnes the previous week, according to a report by the Department of Agriculture United States (USDA). The result presented was about 354% above the weekly average of 397 thousand tons projected to total the 2020/21 harvest. In addition, the market remains optimistic about the global economic recovery and, consequently, the demand amid advances in coronavirus vaccination in the United States and worldwide. The technical movements of adjustments in positions after losses last Friday (05) also had repercussions, despite the monitoring of the predominantly favorable climate for crops located in South America.
This text was translated by machine from Brazilian Portuguese.