At the close at 16:30 (Brasília time), this Monday (08), the March contract jumped 21.00 points and 1.54% on the Chicago Stock Exchange (CBOT), traded at US$ cents 1387.75 / bushel . May rose 20.25 points and 1.48% to $ 1386.00 / bushel. The United States Department of Agriculture (USDA) reported today that shipments of the country's oilseed totaled 1.801 million tonnes in the week ended February 4, 354% above the weekly average of 397,000 tonnes projected to total the 2020/21 harvest. Tomorrow (07), the Department will update the monthly offer and demand bulletin. The market expects further cuts in US and world stocks of soy, corn and wheat, but with less impact than the previous one. In addition, the signs of global economic recovery were influenced by advances in coronavirus vaccination in the world, despite the lack of daily sales of US soybeans above 100 thousand tons. The technical movements of adjustments in the positions after losses last Friday (05) also marked the day, although, there is still monitoring of the predominantly favorable climate for crops located in South America.
This text was translated by machine from Brazilian Portuguese.