Argentina: Thursday with bearish prices for soybeans and stable prices for other grains
Soybean
Maize (Corn)
Wheat
Argentina
Published Dec 2, 2022
Original content
In a new session in the local market, the activity followed the trend of the previous day, once again highlighting the absence of open purchase offers for wheat. On the corn side, there was an equal presence of active buyers with the same range of open positions and stable prices. For its part, the soybean market did not have major changes in terms of buyers and positions, while the values offered adjusted with falls between wheels. Finally, the purchase conditions for both sorghum and sunflower remained stable in relation to Wednesday. In the Chicago market, the futures of the main agricultural commodities ended the round with falls. Wheat closed adjusting losses pressured by falls in soybeans and sustained shipments from the Black Sea region. Corn ended in negative territory pushed by the growing competition from Brazilian cereal. Finally, soybeans closed with losses as a result of the collapse in soybean oil, which closed with a drop of US$ 150/t, the largest in history. The US ...
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