The price of soybeans continues to rise and has exceeded US$ 400 per tonne, which is a favorable signal for the foreign exchange market, which is observing the income that the oilseed will generate, adding to the record wheat harvest. Soybeans in Chicago reached a value of US$ 411 for November and US$ 416 for January positions. This advance, which has continued over the last two weeks, is attributed to the agreement reached by Donald Trump and Xi Jinping at their last meeting in South Korea. The agreement stipulates that China will purchase 12 million tons from the United States in the coming months and 19 million from other countries. Additionally, over the next three years, China commits to acquiring 25 million tons from the United States. It is also noted that there is an expectation of a decision by Trump that could boost the domestic consumption of biodiesel in the US, which is made mostly from soybean oil. Sector analysts understand that the rise is mitigated by the good harvest that is being recorded in Brazil. This price will be fundamental for the projection of foreign exchange income for the country during the 2026 second-quarter harvest. This will add to the extraordinary income generated by the record wheat production, whose foreign currency will begin to arrive in December.
