After the release of the Supply and Demand report, soybean futures prices closed with advances in this Thursday’s session (09) on the Chicago stock exchange.
In May, it closed with an increase of 0.28% and was quoted at US$ 11.6525 per bushel.
According to Agrinvest, the market reacted to data from the USDA (United States Department of Agriculture) report with a slight reduction in American soybean stocks for the 2025/26 season.
Pro Farmer highlighted that the soybean and soybean oil futures markets registered slight buying interest this session, with spread traders once again liquidating long positions in soybean oil and short positions in soybean meal.
Another factor that is on the market’s radar is the exchange rate, which fell to R$5.06, the lowest level in more than two years. “This makes origination more expensive and reduces the competitiveness of agriculture in dollars. Even so, Brazilian soybeans remain competitive compared to the United States and Argentina.
The market also follows weather conditions in the United States. Granar highlighted that it expected these rains to continue over the next seven days. “This implies an improvement in soil moisture levels, just when planting is beginning and in response to the region’s recent need for moisture,” he informed.
Corn
Corn ended the session with a drop of 0.73% on the Chicago Stock Exchange, where it was quoted at US$4.4440 per bushel.
Granar highlighted that corn prices fell for the third consecutive session in Chicago, with the decline attributed to improved water conditions in important US agricultural regions, coinciding with the start of the 2026/2027 planting season.
Following an update to its drought monitoring map, the USDA reduced the percentage of corn acreage experiencing some level of drought from 44% to 29%, approaching the 28% rate recorded a year earlier.
Pro Farmer highlighted that the corn futures market showed greater technical selling pressure today, with prices trending downward on the daily chart.
Also according to Granar, the USDA’s monthly report did not bring significant news for the corn market, with US ending stocks remaining stable at 54.02 million tons and harvests in Brazil and Argentina remaining stable at 132 and 52 million tons, respectively.
Wheat
Wheat futures prices at the Chicago Stock Exchange session, in which the expiration date for May recorded is left over 0,99% and is quoted at US$5,7450 by bushel.
Agrinvest reported that wheat led the losses in this session, pressured by the projected increase in global ending stocks for the 2025/26 harvest, going from 276.96 million tons to 283.12 million tons in the April report.
The market is also closely following the news, with the Strait of Hormuz once again under traffic restrictions.
