Argentina: The week ended with a slight decrease in commercial activity and prices between stable and bullish
Sorghum
Soybean
Published Sep 10, 2022
Tridge summary
In the last round of the week in the local grain market, a slightly lower dynamism was observed than yesterday
Original content
in terms of open positions and buyers actively participating in the purchase of grains. On the wheat side, we had stable prices, while no open purchase offers were registered in the 2022/23 harvest segment. In the corn market, offers were presented with increases in the values of the next campaign, while the positions of the 2021/22 cycle remained largely unchanged. Finally, for local soybeans, there were increases in openly offered prices, partially accompanying the variations registered in the reference market. In the Chicago market, the futures of the main agricultural commodities registered upward adjustments. Wheat showed increases due to the weakening of the dollar against other currencies and due to concerns regarding the continuity of Russian exports. For its part, corn registered increases as a result of the positioning of investment funds in the face of the report from the United States Department of Agriculture (USDA) that will be presented on Monday. Lastly, soybeans ...
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