At 2:28 pm (Brasília time), this Tuesday (19th), the March soybean contract registered a sinking of 24.50 points and 1.73% on the Chicago Stock Exchange (CBOT), traded at US$ 1292.25 / bushel. May retreated 25.00 points and 1.77%, at US$ 1389.75 / bushel. After a Martin Luther King Jr. Day holiday celebrated yesterday (18) in the United States, the oilseed maintains the negative bias of the last week and is influenced by technical profit-making movements. In addition, the market misses news about global demand, mainly from China and on the eve of the Lunar New Year holiday in China. The continuous spread of the coronavirus and return of lockdowns in the world also runs counter to vaccination expectations. Attention also to the rains in the farming areas of Argentina and Brazil, which should extend over the next few days.
This text was translated by machine from Brazilian Portuguese.