Argentina: Bearish offers for cereals and stable for oilseeds
Sorghum
Sunflower Seed
Published Sep 20, 2022
Tridge summary
At the beginning of a new business week, a slight increase in commercial activity was observed in the Plaza Rosario
Original content
, highlighting the reincorporation of purchase conditions for sorghum from the 2022/23 harvest, although the focus remains on the soybean market . On the wheat side, there was a greater presence of buyers, while prices adjusted downwards and in line with what happened in the Chicago market. As for corn, both the number of active buyers and open purchase positions remained unchanged, registering downward prices for the cereal for the current campaign. Finally, in the soybean market a good commercial dynamic continues to be observed, with prices that remained stable in relation to the values registered last Friday. In the Chicago market, the futures of the main agricultural commodities closed the day with a disparate balance. Wheat ended with significant losses due to the strength exhibited by the US dollar. In addition, a larger Russian crop will compete with US exports, which added downward pressure. On the other hand, the uncertainty surrounding the world economy continues, which ...
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