At 2:29 pm (Brasília time), this Wednesday (10), the May soybean contract retreated 20.25 points and 1.39% on the Chicago Stock Exchange (CBOT), traded at US$ 1419.75 / bushel . July fell 21.00 points and 1.46%, to $ cents 1405.00 / bushel.
Maturities are under pressure from the technical movement of profit realization after gains the day before, still assimilating the monthly report of supply and demand that the United States Department of Agriculture (USDA, in English) released yesterday (09). In addition, the market follows the climate in South America and uncertainties about the recovery of the global economy that contradict expectations with vaccination against coronavirus. The country's final stocks of 2020/21 soybeans were estimated at 3.25 million tonnes, as in the previous report, but slightly above the 3.18mt expected by the market. In the world, final stocks for the 2019/20 harvest were 96.04 million tonnes, well above the 94.85m tonnes projected by analysts. In the current harvest, the estimate was 83.74mt, compared to an expectation of 82.90mt and 83.36mt in the previous report.
This text was translated by machine from Brazilian Portuguese.