Chihuahua, Chih.- The Ministry of Agriculture, Livestock and Fisheries of Argentina, shares the Chicago closing prices dated February 28 of the current year for Wheat, Corn and Soybeans. WHEAT: The cereal closed mixed this day. On the one hand, wheat headed for a 6.8% monthly drop, its fifth consecutive monthly drop.
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Rains in parts of the US winter wheat belt and optimism about an export deal between Russia and Ukraine kept the grain market under bearish pressure. However, the distant positions experienced slight gains as uncertainty regarding the current geopolitical conflict persists. Finally, the grain was also influenced downwards today by a strong increase in foreign sales from Russia. CORN: Corn closed negative this session. Grain futures have fallen 6.3% during February, which would be their biggest monthly drop since June. Good productions in Brazil, a better supply forecast for new corn from the US and continued trade in the Black Sea led the yellow grain to a negative path. SOYBEAN: The oilseed followed cereals and deepened its fall this day. Soybeans lost US$10/t and ...
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