The week starts positively for soybean prices on the Chicago Board of Trade. Soybean meal futures are also rising, registering gains of more than 1% and providing central support for grain prices this Monday (27), while oil has only slight gains. Also this morning, corn and wheat are rising significantly.

Around 6:55 am (Brasilia time), soybean prices were up 3.25 to 3.75 points in the main contracts, bringing July to US$ 11.67 and August to US$ 11.74 per bushel.

The market remains heavily influenced by the external scenario, by geopolitical uncertainties with another weekend concluding without an agreement between Iran and China, and with the Strait of Hormuz still blocked, "which sustains high oil prices and maintains a risk premium in grains linked to energy and fertilizers," reports the analysis team of the Labhoro Group.

On the other hand, fundamentals are increasingly gaining the attention of traders with the new US crop underway. Also according to the consultancy, weather conditions are still favorable for fieldwork in the country, with expectations that soybean planting will be reported between 21% and 24%, compared to 12% last Sunday.

The new figure will be released this Monday at 5 PM (Brasília time) by the USDA (United States Department of Agriculture).

"The accelerated pace of work, combined with advance planning by producers and good soil moisture in the American Midwest, reinforces positive prospects for the productive potential of the new crop. With this, the market's focus is gradually shifting from the old crop to the development of the 2026/27 season," says Labhoro.

Similarly, expectations for the meeting between Donald Trump and Xi Jinping next month, which could lead to greater Chinese demand in the US, are also growing.

Source: Notícias Agrícolas