Soybeans: Market returns to making profits in Chicago this Thursday in a week of considerable volatility

Soybeans: Market returns to making profits in Chicago this Thursday in a week of considerable volatility
Soybeans: Market returns to making profits in Chicago this Thursday in a week of considerable volatility
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This Thursday (1), soybean futures traded on the Chicago Stock Exchange began to decline again, after the market changed direction at the end of the previous session and closed the day on a positive note. Thus, with another slight profit taking, around 7:05 am (Brasília time), prices dropped between 5.75 and 8 points, taking March to US$ 12.14 and May to US$ 12.25 per bushel .

Despite the slight correction, the soybean market in Chicago remains very attentive to the conditions in Argentina at the moment, with forecasts of still hot and dry days ahead, which could further weaken crops there, which have already been facing this scenario for more than a year. week. Although punctual, this has been a support factor for prices at this time.

The harvest progressing in Brazil is also monitored, as well as the macro scenario – especially China’s financial health – and other markets, especially soybean derivatives, which have been quite volatile this week. Both bran and oil this morning lost around 0.50% on the CBOT.

See how the market closed this Wednesday:

By: Carla Mendes | Instagram @jornalistacarlamendes

Source: Agricultural News

The article is in Portuguese

Tags: Soybeans Market returns making profits Chicago Thursday week considerable volatility

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