At around 2:15 pm (Brasília time), losses among the main maturities ranged from 8.50 to 9 points, with May worth US$ 10.59 and July, US$ 10.71 per bushel. The market follows losses of more than 1% in neighboring markets - corn and wheat - and derivatives, once again led by bran, which also fell more than 1%, intensifying losses on the grain.
In Chicago, the soybean complex opens the week in the negative, reflecting tariff risks and the drop in retentions in Argentina, with bran leading the declines", explains the Pátria Agronegócios team.
The government of Javier Milei made official this Monday (27), through decree 38/2025, the reduction of withholdings and the elimination of the tax in the so-called 'regional economies' until the middle of this year. The officialization with the publication in the Official Gazette took place after the statement, in a press conference, by the team of the Minister of Economy, Luis Caputo, at the end of last week.
The market also received information on Monday that weekly soybean shipments were below expectations, which helped weigh on prices. In the week ending January 23, the US shipped 729,362 thousand tons of soybeans, against market projections of 800 thousand to 1.250 million tons.
In the entire commercial year, however, shipments have already totaled 33,033,586 million tons, 19% more than last year, in the same period.
Furthermore, as explained by the general director of Labhoro Group, Ginaldo Sousa, "agricultural futures remain down on CBOT, influenced by the rain that fell in Argentina and southern Brazil over the weekend. On the global calendar, China will be out due to the Lunar New Year holiday that starts on Wednesday (29) and Southeast Asia will celebrate the Year of the Snake in almost ten days, which could lead to weak demand during this period.