Argentina: Local market with stable prices for corn and soybeans available

Published 2023년 3월 13일

Tridge summary

The article discusses the current agricultural market in Chicago, focusing on the pricing and closure of various futures contracts for commodities such as wheat, corn, and soybeans. During the period of March to May, wheat is being delivered at a set price of US$ 280/t. Corn is offered at a lower price of US$ 240/t, while soybeans are proposed at US$ 78,000/t for immediate delivery and fixings. The futures for these commodities had a mixed closing balance, with wheat finishing positively due to technical buying, corn experiencing losses due to optimism about the potential renewal of Ukrainian grain exports, and soybeans closing significantly lower amid concerns in the banking sector following the collapse of Silicon Valley Bank.

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Original content

In this way, the delivery of wheat between March and May was once again at US$ 280/t. On the other hand, for available corn, US$ 240/t was offered openly and in a general way, while the proposals for soybeans with immediate delivery and for fixings, were found at $78,000/t, the same as in the previous business conference. . In the Chicago market, futures closed with mixed balance. Wheat contracts ended the day in positive territory supported by a technical buying session. For its part, corn registered losses in the bulk of its contracts, giving in to some optimism regarding the renewal of the agreement to send ...

Source: Chacra Magazine