US: Chicago close price of grains

Updated Feb 28, 2023
The Ministry of Agriculture, Livestock and Fisheries of Argentina, shares the Chicago closing prices dated February 24 of the current year for Wheat, Corn and Soybeans. WHEAT: Wheat closed the day negatively, posting falls of up to US$ 10/t. Estimates of higher plantings of US wheat for the 2023/24 cycle, added to various geopolitical meetings in the Black Sea region, regarding the resolution of the war conflict and the continuity of the Ukrainian grain shipment corridor, led the cereal to operate in the negative path this day. CORN: The yellow grain closes completely negative this Friday. Higher final stocks both in the United States, the number one producer of corn in the world, as well as at a global level, hand in hand with the maximum historical production record in Brazil, influenced the prices of the North American cereal downwards in line with what happened in the last few days.
Chihuahua, Chih.- In addition, a slowdown in export dynamics contributed to supporting the losses. SOYBEANS: The oilseed followed cereals and closed with losses in all positions. The effect of a higher planted area indicator for the coming season in the US put pressure on prices this week. In turn, some rainfall in Argentina, a key producer and exporter of soybeans worldwide, ...
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