Despite feeling the current volatility of the global financial market, the Brazilian soybean maintains the strength of its fundamentals this Monday (June 13), according to the analysis of specialists. The resumption of lockdowns in China, which faces a new outbreak of Covid-19 worries all markets and increases risk aversion.
The relapse of Covid-19 in China, after a week of strong declines in the Asian stock markets, added to the uncertainties about the punctuation of the expected interest rate hike in the US, which worries the markets in general, and soybean is the derivative that should feel this movement more intensely.
However, with US stocks lower and Chinese demand having to turn to Brazil, soybeans have a chance to appreciate.
