On the day of new reports from the USDA (United States Department of Agriculture), the mood is stable for soybeans on the Chicago Stock Exchange. At around 7:20 am (Brasília time), prices rose between 1.50 and 3.50 points, taking September to US$ 10.19 and November - the reference for the North American soybean - to US$ 10.28 per bushel.

The market remains cautious and on the defensive awaiting the arrival of updated figures on the area of ​​the 2025/26 US harvest, with expectations indicating a slight increase in the areas of both soybeans and corn in the country.

The department also brings the update of the quarterly stocks of soybeans, corn and wheat in the US as of June 1. And so, the bulletins may balance out, analysts and market consultants believe. "So far, there is no reason to worry about American crops. This is generally a determining factor for future prices on the CBOT, where players are more eager to sell in the event of rallies than to buy in the event of lows," explains Ginaldo Sousa, CEO of the Labhoro Group.

"In terms of weather, the month of June was favorable for American crops, which is why there are no concerns about productivity losses at this time. Looking at the weather maps for June, rainfall levels were favorable for corn and soybean crops. Only the Dakotas received below-normal levels, although not as significant for reducing crops." In addition to these two reports, weekly shipping data and monitoring of the American crop by the agency are also coming in. At the same time, traders are also focusing part of their attention on the macroeconomic and geopolitical scenario, with attention on issues related to China-US relations, the US and other nations, and also on all the conflicts that continue to occur around the world.

This Monday, in addition to soybeans, the oil market is also stable, with Brent and WTI experiencing slight declines.

Source: Notícias Agrícolas