CBOT soybeans rose slightly on concerns about Brazil's weather

Golden Ten Futures, September 18th, according to foreign media reports, on Tuesday, CBOT soybean futures closed higher, because the high temperature and dry weather in Brazil may pose a threat to soybean planting. The CBOT agricultural market had limited volatility throughout the day, with the soybean market trading volume the second lowest in the year, the corn market trading volume was the lowest since July, and the wheat trading volume was at a low level. Before the Federal Reserve made a decision to cut interest rates on Wednesday, traders in the market were watching. On the news, CONAB predicted that the annual soybean production in 2024/25 will be 12.8% higher than last year. However, the current high temperature and dry weather may threaten soybean planting in Brazil.