News

US: Decrease in commercial activity with prices between stable and rising for cereals

Soybean
Maize (Corn)
Wheat
United States
Published Oct 1, 2022

Tridge summary

A new week of operations is closed in the Rosario square, where a decrease in commercial activity was observed with prices between stable and rising for cereals, highlighting the absence of open offers for soybeans.

Original content

In today's session, futures in the Chicago market ended with a disparate balance. Wheat continues its bullish rally and ends the round with gains, underpinned by continued concerns about supplies from the Black Sea region, coupled with prospects of lower yields in the United States by the USDA. For its part, today's USDA report indicated a downward adjustment in US stock estimates, which led corn contracts to also close in positive territory. Finally, soybean contracts ended with losses due to certain fears of a potential global economic slowdown, which would result in a lower demand for grains. In the Matba - ROFEX market, the Oct '22 Soybean contract operates at US$ 372.0/t. Regarding the local market, the prices offered were the following: – For wheat, US$300/t Available and US$300/t Contractual. – For corn, US$240/t Available and US$240/t March ‘23. – Per sunflower, US$ 350/t Available and US$ 350/t December ’22. – For sorghum, US$ 210/t March '23 and US$ 350/t July '23. *It ...
Source: Rural Net
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