Soy retreats in this day session on Monday at CBOT

At 11:46 am (Brasília time) on Monday (28), soybeans on the Chicago Stock Exchange (CBOT) in January fell 9 points and 0.71%, quoted at $ cents 1,254.50 / bushel. While March lost 8.25 points and 0.65%, at cents $ 1,256.25 / bushel. Soy futures have turned to the downside in this daytime session in a profit-making movement after gains in the past few days and at the start of work on Monday with heated demand for US grains. Earlier, the US Department of Agriculture (USDA) reported two sales of 233.70 thousand tons of soy and 33 thousand tons of soy oil to unknown destinations in the 2020/21 business year. Another sale of 125 thousand t is 2021/22. Positively, the market remains attentive to climatic conditions in producing areas in South America. In addition, operators in the market are still waiting for the release of shipment data from the United States this week.

This text was translated by machine from Brazilian Portuguese.