News

Argentina: Day with bearish prices for cereals and bullish prices for soybeans

Wheat
Maize (Corn)
Soybean
Argentina
Published Dec 3, 2022

Original content

In a new round in the local market, the activity followed the trend of the previous day, highlighting the reappearance of open purchase offers for wheat, although with only one buyer bidding for merchandise. On the corn side, there was an equal presence of active buyers with the same range of open positions, but prices that registered drops compared to Thursday. For its part, the soybean market did not have major changes in terms of buyers and positions, maintaining a good number of participants on the demand side, while the offered values adjusted between the wheels. Finally, the purchase conditions for sunflowers remained stable in relation to Thursday, while there were no offers for sorghum. In the Chicago market, the futures of the main agricultural commodities ended the session with a mixed balance. Wheat closed adjusting at a loss on weak US export performance and sustained shipments from the Black Sea region. Corn ended in negative territory driven by increasing competition ...
Source: Rural Net
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