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Argentine grain market with falling prices

Mercado de granos local con precios a la baja
This news article has been translated to English.
Grain & Cereals
Argentina
Price Trend
Jul 1, 2022
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For wheat with delivery until 07/11, US$310/t was openly offered. Then, for available corn, the offers from the demand fell to US$ 215/t, registering a cut of US$ 5/t between days. Finally, prices for soybeans with immediate unloading among the industries stood at $47,600/t.
For wheat with delivery until 07/11, US$310/t were openly offered. Then, for available corn, the offers from the demand fell to US$ 215/t, registering a cut of US$ 5/t between days. Finally, prices for soybeans with immediate unloading among the industries stood at $47,600/t. In the afternoon of today, futures in the Chicago market closed the day with losses. Wheat contracts ended in the red with falls of almost 4%, after some cereal shipments from Ukrainian ports have been reactivated. Also, the advance of the winter harvest in the northern hemisphere added pressure. For its part, corn closed the wheel with an uneven balance, adjusting falls in its most distant positions, due to forecasts of favorable weather conditions for the development of crops in the Midwest of the United States. Finally, soybeans also conclude in negative territory. Prices came under pressure after the USDA showed a stock of US grains that is higher than expected by the market, added to some weakness ...
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