Soybean: Prices Fall on the Chicago Board of Trade this Thursday, Following Market Trends

Soybean futures prices fell on the Chicago Board of Trade this Thursday (25th). Around 7:40 a.m. (Brasília time), quotations were down between 6.75 and 7.25 points, with the May contract trading at $11.59 and July at $11.74 per bushel. This downward trend also followed the market for corn, wheat, soybean meal, and soybean oil.

Analysts and consultants point to the lack of fresh news as one of the main reasons for the lack of consistent gains in soybeans. The weather in the United States is being monitored, with forecasts of rain in the coming days, while U.S. exports remain weak, with those from Brazil performing well.

Today, the USDA (United States Department of Agriculture) will update its weekly export sales data.

In addition, traders remain alert to the behavior of the dollar and news from the geopolitical scene, which remains highly tense worldwide.