The soybean market is starting the week on a high on the Chicago Stock Exchange. Oilseed futures were up between 2.75 and 4.50 points in the most traded contracts at around 7:10 am (Brasília time) on Monday (16), with January being quoted at US$ 9.92 and May at US$ 10.08 per bushel. 

The grain is following the highs seen today in soybean meal - which is up more than 1% on the CBOT - but is still limited by drops in soybean oil, which are down more than 1.5% at the start of the week. Traders are clinging to any movement between the derivatives, since there is still no news on the grain front.

The falling dollar index also gave room for gains not only in soybeans, but also among other commodities on Monday, such as corn in Chicago and coffee on the New York Stock Exchange. The index lost 0.1% this morning, reaching 106.635 points.

Source: Notícias Agrícolas