The soybean market continues to trade sideways on the Chicago Mercantile Exchange, but in positive territory on Wednesday morning (11). Around 7:15 a.m. (Brasília time), prices were up between 1.50 and 2 points on the main maturities, taking July to US$ 10.59 and September to US$ 10.25 per bushel.

Traders continue to closely monitor the new US crop, weather conditions in the Corn Belt and adjust their positions ahead of the USDA's new monthly supply and demand bulletin on Thursday (12). 

Likewise, the negotiations between China and the United States, which took place in London, are also being followed, with an agreement signed to resume the flow of sensitive products, mainly, and which will have to be approved by Donald Trump and Xi Jinping.

Source: Notícias Agrícolas