At 2:31 pm (Brasília time), this Thursday (11), the May soybean contract registered gains of 2.25 points and 0.16% on the Chicago Stock Exchange (CBOT), traded at US$ 1412.00 / bushel. July was up 4 points and 0.29%, at $ cents 1400.00 / bushel. The maturities reflect the technical movements of adjustments in positions after a drop of more than 30 points the day before and export records from the United States reaching 351 thousand tons in the week of March 4, 90 thousand of which were destined for China. According to the report of the Department of Agriculture of the USA (USDA, in English), the current result was 1,070% above the weekly average of 30 thousand t. In the 2021/22 harvest, 213 thousand tons were registered, 78.3% less than the projected weekly average of 986 thousand tons. Of this total, only 63 thousand t went to China, down from 198 thousand t in the previous week. In addition, the market is also attentive to the climate in South America and the signs of economic recovery in the United States, still in the midst of the coronavirus pandemic and waiting for the sanction of the trillion dollar aid package to the population. Negatively, the USDA reported this week that US 2020/21 soybean final stocks were estimated at 3.25 million tonnes, above the 3.18mt expected by the market. In the world, they were 83.74mt, compared to an expectation of 82.90mt and 83.36mt in the previous report.
This text was translated by machine from Brazilian Portuguese.