At 14h31 (Brasília time), this Wednesday (17th), the May contract registered a drop of 7 points and 0.46% on the Chicago Stock Exchange (CBOT), traded at US$ 1416.75 / bushel. July fell 8 points and 0.57%, to US$ cents 1406.00 / bushel. The session is under pressure from technical profit-making movements after gains in the last four days and from the favorable climate for Brazilian soybean harvesting work, which reached 53 , 3% of the expected area in the last week, compared to 40.5% previously. The climate in South America and the USA are also monitored, since the North American planting should start in the coming weeks. In addition, the market remains uncertain about the recovery of the global economy with the recent increases in cases and deaths caused by the coronavirus in the main importing countries of the American oilseed in Europe. The new strain of the disease in California is also on the radar. Despite China signaling, for the second consecutive day, significant interest in agricultural products from the United States. According to the US Department of Agriculture (USDA), the Asian country bought 1.224 million tonnes of maize 2020/21 earlier today.
This text was translated by machine from Brazilian Portuguese.