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Soybeans Begin 2019 booming on the Chicago Stock Exchange and Attentive to Losses in Brazil

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Soybean prices traded on the Chicago Stock Exchange opened 2019 up on this first trading day of the year. On Wednesday, Jan. 2sd, around 12:45 (GMT), prices rose slightly more than 4 points in the main maturities, with January being $ 8.86 and May / 19 with $ 9.09 by the bushel.

The market resumed business early this afternoon, operating only part-time, as traditionally happens after the New Year holiday.

According to international analysts, the market seems to be starting to look at the new harvest in South America and the uncertainties that it carries, mainly in relation to the losses that have been registered in Brazil due to the climatic adversities.

The irregularity of the stages of development of the new soybean crop in Brazil makes it difficult to account for the extent of the decline due to the climate. Meanwhile, however, soybeans continue to report losses in most of the oil-producing states, at the most different levels, with several realities being observed in the same region.