Soybeans: following oil and plant advances in the US, Chicago makes profits

Large soybean contracts with July delivery date are up 33.75 cents, or 2.8%, to US$12.48 3/4 per bushel.

Updated on: 13/08/2024 11:43 From: Canal Rural
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Large soybean contracts are registered at lower prices in the electronic session negotiations on the Chicago Stock Exchange (CBOT). The quotas are pressured by a profit-making movement after accumulating four consecutive registration claims. The market also follows the receipt of oil in New York and the advance of plantations in the United States.

The United States Department of Agriculture (USDA) released a report on the evolution of soybean planting. As of May 5, the planted area was committed to 25%. In the same period last year, the average was 30%. On average 21%. The previous week, the percentage was 18 points.

The July delivery contracts are priced at US$12.44 3/4 per bushel, down 4.00 cents, or 0.32%, compared to the previous date.

Ontem (06), soybeans made with higher prices. The floods in Rio Grande do Sul and the prejudices against the Gaucho labors drive the cotações.

Large soybean contracts with July delivery date are up 33.75 cents, or 2.8%, to US$12.48 3/4 per bushel. In August you have a price of US$ 12.46 per bushel, with a gain of 30.50 cents or 2.5%.

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