At 2:32 pm (Brasília time), this Monday (29th), the May contract registered losses of 3.25 points and 0.23% on the Chicago Stock Exchange (CBOT), traded at US$ cents 1397.25 / bushel . July fell 2.50 points and 0.18%, at $ cents 1388.75 / bushel. The market continued the negative bias of the last two sessions, following the continuous spread of the coronavirus around the world and the harvest of Brazilian soy. Despite the more positive financial and gains in WTI oil with the unfolding of the Ever Given mega cargo carrier in the Suez Canal, in Egypt. In addition, the absence of significant international interest in US soybeans continues to be of concern to investors, despite the fact that China recorded a 179% jump in industrial profit during the first two months of this year, in comparison with 2020. Already in a positive aspect, the The United States Department of Agriculture (USDA, in English) reported earlier that shipments of oil from the country reached 425 thousand tons in the week ended March 25, 36.6% above the weekly average of 311 thousand tons projected for the 2020/21 harvest.
This text was translated by machine from Brazilian Portuguese.