Soy operates at light high on Wednesday at CBOT

At 14h 31 (Brasília time), this Wednesday (24th), the May contract registered gains of 6.50 points and 0.46% on the Chicago Stock Exchange (CBOT), traded at US$ 1429.75 / bushel . July rose 7 points and 0.50%, at $ cents 1418.25 / bushel. Maturities continue the previous year's gains, reflecting the expressive increase in soy oil and more than 5% in WTI oil on the New York Stock Exchange. In addition, investors remain optimistic about the recovery of the economy and global demand with the advance of vaccination against coronavirus, despite the absence of purchases of agricultural products from the United States, mainly from China. Germany canceled the lockdown to contain COVID-19 during the five-day holy week holiday, which will now only have social restrictions until the celebration of Easter. This week, the US Department of Agriculture (USDA) reported that shipments of the country's oilseed totaled 489,000 tonnes in the week ended March 18, 54.7% above the projected weekly average of 316,000 t. 

This text was translated by machine from Brazilian Portuguese.