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Soybeans Value Trying Again to Increase in Chicago But Still Waiting for Novelties

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Soybeans prices are rising again this morning, Thursday, January 17 on the Chicago Stock Exchange, continuing the slight gains at the end of the previous session. So, around 8:55 am, they rose between 2.75 and 3.25 points, with March quoted at US$ 8.97 and May at US$ 9.11 a bushel.

The market still finds it difficult to grow more intensely, with a lack of fuel coming from information that does not reach the traders. History repeats itself day by day.

“Without official USDA numbers and news reports on the US/China trade war, the crop failure in South America prevents a retreat to even lower levels,” said Steve Cachia, director of Cerealpar.

And as analysts and consultants explain, this lack of direction of prices and the pace of business should remain until concrete news, especially on these two situations, reappears in the market.