At the close at 4:30 pm (Brasília time), this Wednesday (24th), the March contract jumped 17.75 points and 1.26% on the Chicago Stock Exchange (CBOT), traded at US$ 1423.75 / bushel . May gained 17.25 points and 1.22%, at $ cents 1425.75 / bushel. The market had a day marked by the upward bias of the past few days amid the limited supply from the United States and growth in its own demand after a wave of extreme cold in the Midwest's crops. In addition, there is an expectation around the North American and global economic recovery with the vaccination of the coronavirus, although considered slow. Chinese demand is also on the radar as the end of the Lunar New Year approaches. In Brazil, the market follows the delay in the 2020/21 soybean harvest, which reached 15.1% of the estimated area until February 19, below the average of the last 5 years of 28.4%.
This text was translated by machine from Brazilian Portuguese.