Soy is devalued this Wednesday at CBOT

At 2:31 pm (Brasília time), this Thursday (18th), the May contract recorded a fall of 17.25 points and 1.22% on the Chicago Stock Exchange (CBOT), traded at US$ cents 1400.50 / bushel . July fell 18.50 points and 1.32% to $ cents 1387.50 / bushel. The US Department of Agriculture (USDA) reported today that there were no export records for the country's 2021/22 oilseeds this week. closed on March 11th. In the 2020/21 harvest, 202 thousand tons were registered, above the weekly average of 23 thousand tons. Of the total, only 72 thousand tonnes destined for the Chinese, compared to 90 thousand tonnes in the previous week. The market also misses purchases of more than 100 thousand tonnes of North American oil from China, despite the fact that it already accumulates more than 3 million tonnes. of corn 2020/21. In addition, maturities continued the movement of profit-making the day before, with an eye on the favorable rains for fieldwork in Argentina and uncertain global economic recovery amidst the coronavirus.

This text was translated by machine from Brazilian Portuguese.