Soybean prices rose slightly on the Chicago Stock Exchange this Monday morning (6). At around 7:30 a.m. (Brasília time), prices rose by 2 and 2.50 points on the main maturities, with November trading at US$ 10.20 and May at US$ 10.68 per bushel.

The market continues to behave technically, speculating on political issues and relations between China and the United States, while still focusing on fundamentals, especially planting in Brazil and harvesting in the US.

Traders remain under familiar factors and need new news to give prices a clearer direction. Until then, the market seems confined between familiar levels and waiting for strong news. Among them is the news of the subsidy offered to US producers, which may arrive on Tuesday (7).

Source: Notícias Agrícolas