Local grain market in Argentina with prices between stable and bearish

Soybean

Maize (Corn)

Wheat

Argentina

Published Jul 6, 2022

Tridge summary

In today's session, the domestic market maintained limited commercial activity, although with a greater presence of buyers among the main grains, while open prices showed a trend between stable and downward.

Original content

For wheat with immediate unloading, open offers remained stable at US$305/t. On the corn side, US$ 210/t were openly offered for available grain, with no changes between rounds. Finally, prices for soybeans with immediate delivery stood at $46,000/t. In the afternoon of today, futures in the Chicago market closed the day with losses. Wheat contracts closed lower to their lowest level since February, on signs of a possible revival of grain shipments from the Black Sea region. For its part, corn closed the wheel with losses because the weekend rainfall in US territory improved the prospects for US crop yields. Finally, soybeans also conclude in negative territory. Prices came under pressure after soybean oil experienced one of the steepest declines in history. In the Matba - ROFEX market, the July 22 soybean contract operates at US$ 375.5/t. * Regarding the local ...

Source: Chacra Magazine

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