Soybean prices fluctuate in Brazil

The Brazilian soybean market saw price fluctuations on Monday due to changes in Chicago markets and the dollar. Despite a few active agents, there was a lack of business. Soybean futures contracts on the CBOT closed with higher prices. The forecast of wet weather in Brazil's producing regions and potential crop issues in Argentina contributed to the market's volatility. Soybean contracts for January delivery increased by 0.2%. The commercial dollar ended the session with a slight decrease.

The Brazilian soybean market experienced price volatility on Monday (30), following the movements of Chicago and the dollar. Physical prices were bullish at their best, but with payments starting in February. The day had few active agents and the market was without business throughout Monday. In addition, soybean futures contracts traded on the Chicago Mercantile Exchange (CBOT) closed Monday with higher prices. In a volatile session, the grain, which had risen more than 1% earlier, lost strength and even flirted with negative territory. The forecast of wet weather in the producing regions of Brazil weighed heavily. In Argentina, the expectation is that the weather will not be as favorable for crops, with a water deficit in some regions of the country. Soybean contracts for delivery in January closed up 2.00 cents or 0.2%, at US$ 9.82 per bushel. The March position was quoted at US$9.91 3/4 per bushel, with a gain of 2.00 cents, or 0.2%. In by-products, the January position for ...