
Agricultural markets are starting cautiously this Tuesday, amid price adjustments, progress in the US harvest, and attention to geopolitical developments. According to TF Agroeconômica, soy, corn and wheat They are showing moderate movements, while factors related to demand, international supply, and energy remain on investors' radar.
Soybeans are trading slightly lower after recovering in the previous session, with the November contract near US$ 13 per bushel. Holding above this level is considered an important technical benchmark. Recent purchases by China support demand expectations, while the USDA reported that 58% of the US crop is in good or excellent condition and that the harvest has reached 6% of the area.
In the oilseed complex, soybean oil finds support in high oil prices, while soybean meal is performing weaker. The progress of the harvest is gradually increasing the physical supply and limiting a stronger upward movement.
Corn prices remain sideways, still reflecting the latest USDA report, which estimated a yield of 178.5 bushels per acre. Harvesting has reached 8% of the area, while 57% of the crops are in good or excellent condition, above the expected 55%.
In wheat, declines are moderate. Ample international supply, Black Sea exports, and the conflict between Russia and Ukraine continue to influence trading. SRW wheat for December closed the previous session near US$7.10 per bushel, the lowest level in three weeks. In the US, 93% of spring wheat has already been harvested and 8% of winter wheat is planted. Among the indicators, the dollar is at R$5.1700, up 0.34%, while Brent is quoted at US$106.01, down 0.39%. The Dollar Index is up 0.12%.
