Argentina: Tuesday day with stable prices for cereals and a drop for soybeans

Wheat

Maize (Corn)

Soybean

Argentina

Published May 24, 2023

Original content

Today's round of operations at the local Grain Market did not present any major news in relation to the previous day. In this sense, wheat continues with a limited dynamism, showing stable values in the offers for the 2023/24 harvest in this session. On the corn side, the proposed values also remained stable in a market that showed an identical number of active buyers and open positions. Finally, soybean offers were below those registered yesterday, giving rise to low volumes traded. It should be noted that there were no on-sight offers for sunflowers. In the Chicago market, the main agricultural commodities closed with mixed balances. Following remarks by a Ukrainian official that a Ukrainian port has halted operations because Russia did not allow ships to enter it, renewed fears over the situation in the Black Sea led wheat to close with registrations in their contracts. Likewise, corn also recorded gains in its futures due to a contagion effect caused by the wheat market. For ...

Source: Rural Net

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