On Monday, following the extended weekend, soybeans surged to a high on the Chicago Stock Exchange.

After the holiday weekend, the soybean market resumes its activities with a promising start to the new month on the Chicago Stock Exchange. On Monday (1), around 7:10 am (Brasília time), prices surged between 3.50 to 6.50 points in the most traded positions. May contracts were quoted at US$ 11.97 per bushel, while August contracts reached US$ 12.10 per bushel.

The uptrend in grain prices is partly attributed to soybean oil futures on the CBOT, which experienced increases of more than 1%. The first position was quoted at 48.55 cents per pound. However, neighboring markets saw declines in bran, corn, and wheat, with wheat leading the losses.

Despite the positive momentum, the CBOT soybean market continues to digest the latest data from the United States Department of Agriculture (USDA) regarding planting intentions for the 2024/25 North American harvest and the country's quarterly stocks.