Soybean prices are rising on Wednesday morning (21) on the Chicago Mercantile Exchange. After two days of more timid and contained movements, the market is testing slightly more intense gains, which ranged from 6.25 to 7.25 points in the most traded positions at around 7:30 am (Brasília time). As a result, July was at US$ 10.59 and September at US$ 10.40 per bushel.

The grain market is following the rise in soybean oil on Wednesday - which is approaching 1% with an eye on US President Donald Trump's biofuels program - and also the advance in bran, the latter being more timid, however.

Traders, according to analysts and market consultants, are waiting for more news, for new information that could bring a more intense spark to the market, which could direct the market more effectively. Until that happens, the focus remains on the development of the new US crop, Chinese demand, the trade war and the conclusion of the 2024/25 season in South America.

Source: Notícias Agrícolas