Soybeans react in Chicago, corn seeks stability

Wednesday (16) began with distinct movements among the main agricultural commodities, according to TF Agroeconômica. The opening report of the markets indicates a slight recovery for soybeans, stability for corn, and a new decline for wheat, reflecting factors of supply, demand, and global trade tensions.

Wednesday (16) began with distinct movements among the main agricultural commodities, according to TF Agroeconômica. The market opening report indicates a slight recovery for soybeans, stability for corn, and a new decline for wheat, reflecting factors of supply, demand, and global trade tensions. Soybeans in Chicago rose by 3.50 points in the November/25 contracts, quoted at US$ 1,010.00 per bushel, driven by record U.S. processing, which reached 5.38 million tons in September—the highest volume in nine months. However, analysts warn that if China does not resume imports before mid-November, the U.S. could lose between 14 and 16 million tons in exports. In Brazil, the CEPEA indicator kept prices virtually stable: R$ 133.23 in Paraná and R$ 138.26 in Paranaguá. In the corn market, Chicago tries to stabilize with the December/25 contract in a slight increase of 0.25 points, quoted at US$ 417.00. Strong export demand and restricted sales by U.S. producers sustain the movement. On ...