Soybeans maintain an upward trend and register an increase of more than 1% in Chicago this Friday

The soybean market continues to rise on the Chicago Stock Exchange this Friday morning (3), extending the previous session's gains. With prices rising from 6.75 to 12 points, the most traded contracts surpassed the US$12.00 per bushel mark, reflecting a series of impacting factors. Among these factors, the intense rain that hit Rio Grande do Sul, an important soybean producing region, stands out

At around 7:10 am (Brasília time), May contracts reached US$12.02, while July and August contracts reached US$12.06 per bushel. These numbers reflect not only the impact of weather conditions in Brazil, but also other aspects of the international market that have boosted oilseed prices.