Food consumption in China improves and demand for soybeans tends to gain momentum at a time of limited stocks in the Asian country

On Tuesday (04), the soy market ended the session in the Chicago Stock Exchange (CBOT) with high in the main salaries, with the contract November/19 being quoted to US $9,09/bushel.
Eduardo Vanin, an analyst at Agrinvest, points out that the details of the planting of the United States should bring volatility to the market. This year, it is not yet known whether the corn farmer will migrate to soybeans-the price would have to be inviting for this risk to be run, not only at CBOT, but also in local prizes, which is not occurring.
However, the May climate situation should not be repeated in June, which will be warmer and with fewer rains. Next week, the U.S. Department of Agriculture (USDA) Supply and demand report should leave the market more cautious, as its results may show that some volumes can be passed on to the next crop or canceled.
There is still, however, "a lot to happen," Vanin says. Planting must occur and subsequently the conditions of the crops will have to be observed. Low productivity is likely to occur, but it is still far from the climate market to have an end.
Historically, between the period from June 15th to July 15th, the best prices occur, but due to the situation of this crop, this period may extend.
Brazil, in turn, has firm awards for the old crop and China, which concentrates its purchases in the country, leading to a stock tightening frame. At the end of this month, the G20 meeting can bring new panoramas with regard to the trade war between China and the United States.