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Soybean and derivative futures experience another uptick on the Chicago Stock Exchange this Wednesday, as investors await further developments.

Writer's picture: Emily A. VieiraEmily A. Vieira




Soybean futures rise again on the Chicago Stock Exchange this Wednesday (20), following good gains in derivatives as well. Around 7:55 am (Brasília time), prices rose between 5.50 and 6.25 points in the most traded contracts, taking May to US$ 11.91 and August to US$ 12.03 per bushel. Both soybean bran and oil rose more than 0.5% this morning.


The market adjusts after the latest lows, however, paying attention to the decisions that arrive on this "Super Wednesday", especially those regarding interest rates in the United States coming from the Federal Reserve. The Copom also defines the Selic this Wednesday, for Brazil, and the signals are for another 0.5 percentage point cut in the country's basic interest rate.


At the same time, the adjustments also take place with traders awaiting, for next week, the estimated planting area data in the USA that will be reported by the USDA (United States Department of Agriculture) next week.

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