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Soybeans Continue With Slight Increase in Chicago on the Last Trading Day of the Year

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In the last trading session of 2018, soybean prices work with slight increases in the Chicago Stock Exchange. Oil prices, at 8:15 am EDT, rose between 2.75 and 3.50 points, with January at $ 8.72 and May / 19 at $ 8.98 a bushel.

Prices are ending the year still walking sideways, with no news that drives them to take a more aggressive direction. They follow the limited fluctuations, the typical year-end adjustments, however, more timid than the common one and caution among traders also remains.

The market continues to follow the trade dispute between China and the United States and is already looking forward to the day when American and Chinese leaders meet again in early January 2019.

Similarly, analysts and market participants also assess the new Brazilian crop, however, the significant losses that are already consolidated in Brazil. There are casualties in the main producing states of the country, however, that are not yet reflected by the prices in the CBOT, since for that reason the American reality still weighs more.