Argentina: Tuesday with stable prices for corn and soybeans available
Wheat
Maize (Corn)
Soybean
Argentina
Published Mar 15, 2023
Tridge summary
In this context, the unloading of wheat between March and May once again reached US$ 280/t. On the other hand, offers for available corn reached US$240/t, the same as on Monday, while for soybeans with immediate unloading, offers from the industrial sector remained unchanged at $78,000/t.
Original content
In the Chicago market, futures closed with mixed balance. Wheat closed higher on some uncertainty surrounding the grain safe passage corridor in the Black Sea, after Ukraine stated that the 60-day extension of the export agreement "contradicts what has already been signed with Turkey and the UN." For its part, Chicago corn also ended in positive territory, supported by a greater commercial dynamism of the US cereal. Lastly, Chicago soybeans ended the day with a mixed balance, although with the bulk of their contracts down, weakened by expectations of an excellent crop of the Brazilian oilseed. In the Matba - ROFEX market, the Mar '23 Soybean contract operates at US$ 410.0/t. Regarding the local market, the prices offered were the following: – For wheat, US$ 280/t March '23 and US$ 280/t May '23. – For corn, US$ 240/t Available and US$ 225/t June ’23. – For soybeans, $78,000/t Available and $78,000/t Fixings. – For sunflower, US$ 360/t Available and US$ 370/t April '23. – For ...
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