At the close, at 16:30 (Brasília time), this Tuesday (5th), the March soybean contract jumped 34.00 points and 2.59% on the Chicago Stock Exchange (CBOT), traded at US$ cents 1347.00 / bushel, renewing maximums of more than two years. May advanced 35.00 points and 2.67%, at $ cents 1346.25 / bushel. The second session of 2021 was driven by the news that corn sellers in Argentina stopped their activities this morning against the ban on cereal exports this month and in February. In addition, the adverse climate for soybean and corn crops in South America are monitored, especially those affected by dry weather and high temperatures in Argentine areas. The market also keeps up with the demand and international economic stimulus packages amid the new growth of coronavirus in the world, its mutation and the return of stricter restrictive social measures.
This text was translated by machine from Brazilian Portuguese.