Argentina: Local market with stable prices for wheat, corn, and soybeans available
Wheat
Maize (Corn)
Soybean
Argentina
Published Sep 29, 2022
Tridge summary
Mixed commercial dynamism with more activity on the grain side and fewer buyers in the soybean market, with mostly stable prices among the main grains.
Original content
On the wheat side, offers remained unchanged at US$300/t for the available cereal, the same value offered for delivery between November and January 2023. As for corn, US$230/t was openly offered for the merchandise with immediate download. Then, for available soybeans and for fixings, the offers did not experience changes and remained at $63,000/t. In today's session, futures in the Chicago market finished with gains. Wheat contracts ended higher on the back of signs of a possible war escalation between Russia and Ukraine, which could result in a halt to exports from the Black Sea region. For its part, corn closed in positive territory also driven by concerns about the Russian-Ukrainian conflict. Finally, soybeans concluded the round with increases. Although prices adjusted upwards due to the tension between Russia and Ukraine, prospects for good harvests in Brazil limit increases. In the Matba - ROFEX market, the Oct '22 Soybean contract operates at US$ 387.0/t. Regarding the ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes.
To learn more about our cookies, please read our Privacy Policy.