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Soybean futures resume post-holiday trading in the US, from Memorial Day, operating in the red on the Chicago Stock Exchange this Tuesday (30). Around 7:40 am (Brasília time), oilseed futures gave up more than 1%, following losses that were also observed in oil and soybean meal, with oil leading the losses. Corn works stable and wheat is down.
According to market analyst Eduardo Vanin, from Agrinvest Commodities, explains, prices reflect the better rain conditions shown on some maps – especially for the period of 8 to 15 days – and also the bad mood of the financial market.
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“Democrats and Republicans reached an agreement, but its approval will be much more difficult than imagined”, says the expert.
Still this Tuesday, the market is also waiting for new data on planting and development of North American crops that will be reported at 5 pm (Brasília) by the USDA (United States Department of Agriculture), in addition to continuing to monitor the weather in the Corn Belt very closely. close. After all, the conditions in the longer forecasts continue to show below-average rainfall and above-average temperatures.
Source: Carla Mendes | Notícias Agrícolas
