At 2.30 pm (Brasília time), this Monday (5th), the May contract registered an increase of 11.50 points and 0.82% on the Chicago Stock Exchange (CBOT), traded at US$ 1413.75 / bushel. July was up 9.75 points and 0.70%, at $ cents 1406.50 / bushel. The first session of the week still reflects the United States Department of Agriculture's (USDA) Prospective Plantings report, released last week, in which the country's oilseed area was estimated at 35.45 million hectares, less than the than expected by the market. In addition, the market remains optimistic about the recovery of the world economy and demand for US agricultural products amid easing social isolation to contain the coronavirus and vaccination. In the past 24 hours, the US government vaccinated the record number of 4 million people against COVID-19. The USDA also earlier reported a sale of 130,000 tonnes of red wheat 2021/22 to unknown destinations. In a negative aspect, shipments of American soybeans reached 298 thousand tons in the week of April 1st, below 440 thousand tons in the previous week and the projected weekly average of 311 thousand tons.
This text was translated by machine from Brazilian Portuguese.