Soy closes Thursday with significant drop in CBOT

At the close at 4:30 pm (Brasília time), this Thursday (25th), the May contract fell 18.50 points and 1.29% on the Chicago Stock Exchange (CBOT), traded at US$ 1414.25 / bushel . July fell 16.50 points and 1.16% at $ cents 1404.50 / bushel.

The penultimate session of the week received pressure from the export records of the North American oilseed 2021/22, which reached 65 thousand tons in the week ended on March 18, 93.4% below the projected weekly average, according to a bulletin from the Department of Agriculture of the United States. USA (USDA, in English). Despite the 2020/21 harvest having registered 102 thousand tons in the period 410% above the weekly average of 20 thousand tons expected. In addition, the absence of international purchases of US soybeans amid the worsening of the coronavirus pandemic in Europe also worries investors. The sharp devaluation of more than 4% in WTI oil on the New York Stock Exchange and the weather in South America are still on the radar. 

This text was translated by machine from Brazilian Portuguese.