USA: With greater commercial dynamics, bullish prices for soybeans and stable prices for corn
Updated Nov 28, 2022
On the first day of the week in the local market there was an increase in commercial activity thanks to a greater number of open purchase offers in the soybean market. At the same time, for the oilseed we had bullish prices and the reincorporation of offers with merchandise delivery. In the cereal markets, the absence of offers to buy wheat stands out once again, while for corn we had fewer buyers and mostly stable open prices, except for occasional drops. Finally, for sunflower and sorghum there were markets without variations in the open values of both grains. In the Chicago market, the futures of the main agricultural commodities begin the week with mixed values. Wheat remains on the bearish path on the back of robust grain exports from the Black Sea. For its part, corn registered mixed prices due to the dry weather in producing regions of Brazil, although the closing of positions by investment funds negatively pressured futures. Lastly, soybeans had upward adjustments due to ...