Soybean prices began to fall again on the Chicago Board of Trade this Thursday morning (18), reversing the gains seen in the previous session. At 7:40 a.m. (Brasilia time), prices were down between 5 and 6 points, with March quoted at $11.43 and August at $11.60 per bushel.
The market remains in a transition phase, monitoring the progress of the new crop in the United States, with forecasts of better rains for the Corn Belt in the next five days. At the same time, attention is being paid to the conclusion of the harvest in South America and the progress of sales in Brazil, driven by a stronger dollar and higher premiums. Traders are also keeping an eye on the geopolitical scenario, which is impacting the dollar and financial markets, with special attention to economic data from the United States.
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