The soybean market is maintaining stability on Tuesday morning (19) at the Chicago Stock Exchange. Following the declines seen in the previous session, oilseed futures are experiencing slight losses, ranging from 0.50 to 1 point in the most traded contracts. For instance, May contracts are priced at US$ 11.86 per bushel, while August contracts stand at US$ 11.98 per bushel.
Traders are actively monitoring derivatives, noting new lows in oil prices, with a decrease of more than 0.6%, and stability in bran prices. Concurrently, market participants remain attentive to familiar factors such as the conclusion of the South American harvest, particularly in Brazil, the demand trends, and the prospects for the upcoming US harvest.
Furthermore, there is heightened attention to the macroeconomic landscape, especially with the impending arrival of information from "super Wednesday" tomorrow. This includes a central focus on the US interest rate decision by the Federal Reserve, which will significantly influence market dynamics and investor sentiment.
Commentaires