Argentina: Local market with increases for available corn and no open offers for sorghum
Wheat
Maize (Corn)
Soybean
Argentina
Published Mar 16, 2023
Original content
In today's session, the domestic market had a slight decrease in its commercial dynamism, presenting in today's session prices between stable and bullish for cereals and without open purchase offers for soybeans and sorghum. In this sense, offers for wheat for contractual delivery as well as for unloading between March and May, were again at US$ 280/t. Then, for available corn, US$ 245/t was openly offered, US$ 5/t above the values of the previous day. Finally, and unlike yesterday, there were no open offers for soybeans or sorghum. In the Chicago market, futures ended on mixed ground. Wheat ended the round with upward adjustments in the closest positions supported by the uncertainty generated around the renewal of the grain shipment agreement in the Black Sea. However, the Credit Suisse bank crisis that shook the financial sector led to losses in the most distant positions. For its part, and like wheat, the situation in the Black Sea boosted the nearest corn futures, while prices ...
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