Argentina: Monday with little dynamism in the Rosario square for grain market

Wheat

Maize (Corn)

Soybean

Sunflower Seed

Argentina

Published Dec 6, 2022

Tridge summary

At the opening of the week in the local market, activity showed less dynamism compared to Friday. The wheat market remained vacant, with no open offers for the grain registered, while the same number of buyers and rising prices for the grain of the new campaign were observed in corn. Regarding soybeans, fewer participants were observed on the demand side, but the prices offered were between stable and bullish. Finally, the sunflower market remained unchanged while the reappearance of offers for sorghum stands out. In the Chicago market, the futures of the main agricultural commodities ended the session with mixed balances. Wheat loses US$ 9/t and reaches its lowest level in 13 months due to the pressure exerted by continued exports from the Black Sea and strong competition from Russian wheat. Corn is also down on bearish momentum in wheat, though South American weather concerns limit trading.

Original content

At the opening of the week in the local market, activity showed less dynamism compared to Friday. The wheat market remained vacant, with no open offers for the grain registered, while the same number of buyers and rising prices for the grain of the new campaign were observed in corn. Regarding soybeans, fewer participants were observed on the demand side, but the prices offered were between stable and bullish. Finally, the sunflower market remained unchanged while the reappearance of offers for sorghum stands out. In the Chicago market, the futures of the main agricultural commodities ended the session with mixed balances. Wheat loses US$ 9/t and reaches its lowest level in 13 months due to the pressure exerted by continued exports from the Black Sea and strong competition from Russian wheat. Corn also falls due to the bearish momentum of wheat, although concerns about the weather in South America limit the falls. Finally, soybeans ended with slight increases in their closest ...

Source: Rural Net