Grains: Local market day with less commercial activity in Argentina
Argentina
United States
Published Oct 20, 2022
Tridge summary
On Wednesday, a slight decrease in commercial activity was observed in the Plaza Rosario, with mostly bearish open purchase offers for corn, while soybean offers remained stable in local currency. As for wheat, once again there were no open offers for exports. On the corn side, US$240/t was openly offered for cereal with contractual delivery. Regarding oilseeds, we had no offers in dollars, while the values offered in local currency remained unchanged at $54,000/t. Finally, for available sunflower, the values rose to US$ 400/t.
Original content
As for wheat, once again there were no open offers for exports. On the corn side, US$240/t was openly offered for cereal with contractual delivery. Regarding oilseeds, we had no offers in dollars, while the values offered in local currency remained unchanged at $54,000/t. Finally, for available sunflower, the values rose to US$ 400/t. In today's session, Chicago futures closed the wheel with a mixed balance. Wheat ended with losses pressured by certain expectations regarding the negotiations to extend the agreement of safe passage of Ukrainian grains. On the other hand, a greater production of corn in Brazil, put pressure on the prices of the cereal that ended the day with a negative sign. Likewise, lower demand in the export market added downward pressure. Finally, soybeans ended the day with gains, underpinned by logistical problems in the Mississippi River in the United States, which affected exports from this country. In the Matba - ROFEX market, the Oct '22 Soybean contract ...
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