After the long holiday in the USA, soybean prices start the week on the rise on the Chicago stock exchange. Recently, contracts expiring in May (the most traded) were worth US$ 11.83 per bushel, an increase of 0.32%.
The advance, although moderate, is influenced mainly by the behavior of derivatives. The one that stands out this Monday is , which rises more than 1%.
In the case of corn, the most traded contracts fell 0.44% recently, to US$ 4.5075 a bushel.
The drop in oil prices exceeds 0.5% this morning, which limits the growth in the prices of soybeans and corn, both of which compete with biodiesel and ethanol. Therefore, the market continues to closely monitor .
Aside from this, grain investors continue to follow the end of and the beginning of off-season corn. According to Itaú BBA, the Climate forecasts indicate greater irregularity in rainfall throughout the autumn, with a tendency to gradually reduce, especially from May onwards. This scenario increases the risk of water stress, especially in areas sown later.
