At 2.30 pm (Brasília time), this Wednesday (31), the May contract registered a strong increase of 70 points and 5.12% on the Chicago Stock Exchange (CBOT), traded at US$ 1436.75 / bushel. July also advanced 70 points and 5.16%, at $ cents 1427.55 / bushel. The United States Department of Agriculture (USDA) reported today in its report of intention to plant, or Prospective Plantings, that the country's soybean area 2020/21 was estimated at 35.45 million hectares, a very good growth lower than expected by the market between 34.84 to 37.07 million hectares. Despite being 5% higher than the previous harvest. In addition, shipments of the North American oilseed reached 425,000 tonnes in the week ended March 25, 36.6% above the weekly average of 311,000 t projected for the season, as the Department reported this week. The technical movements of adjustments in positions after recent losses reverberated. The strong increase in soybean maturities also contributed to the jump of more than 4% in corn and soybean oil, in addition to 3.33% in common wheat at CBOT.
This text was translated by machine from Brazilian Portuguese.