At 14h31 (Brasília time), this Friday (5th), the May soybean contract advanced 9.50 points and 0.67% on the Chicago Stock Exchange (CBOT), traded at US$ cents 1420.00 / bushel . July was up 8.75 points and 0.63%, at $ cents 1403.75 / bushel. The last session of the week follows the most positive financial and the bullish bias of the day after data from the US Department of Agriculture (USDA, in English) point yesterday (04) that the country's export records for 2020/21 soybean reached 334 thousand tons in the week of February 26, 756.4% above the weekly average of 61.235mt. In the 2021/22 harvest, 198,000 t of the US oilseed were sent to China, signaling an improvement in demand after celebrations of the Lunar New Year. North American demand for soybeans, corn and wheat has also intensified in recent days after a wave of extreme cold in the main crops. The expectation of a recovery in the global economy with the advance of vaccination against coronavirus, jump in WTI oil prices, climate in South America and harvest in Brazil are also on the radar.
This text was translated by machine from Brazilian Portuguese.