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Soybeans Market: 20221118

Soybeans goes up again this Friday morning, in a technical correction movement. The oilseed starts the day with 7 points high, on average, in the futures of the Chicago Stock Exchange.

The market is still watching derivatives and strongly influenced by exchange rate fluctuations, whose movement of the dollar against the real influences oilseed futures, where the appreciation of the dollar makes the Brazilian product more competitive, stimulating good sales movements by here.

Dollar started the day quoted at around R$5.3520 for US$1.00, with a downward variation of approximately 1.30%, offsetting the inverse effect that its momentary devaluation generates with the price of commodities on the São Paulo Stock Exchange Chicago.

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