Argentina: Local grain market with rising prices for coarse grains

Grain & Cereals

Published Jul 19, 2023

Tridge summary

The proposed price for wheat in November 2023 is US$235/t, while corn is being offered at US$190/t and US$185/t for March delivery. Soybeans have seen an increase in their proposed values, reaching $90,000/t. Wheat contracts rose due to concerns about the situation in the Black Sea, while corn saw positive growth supported by technical purchases and concerns about the US harvest. Soybeans reached their highest level since June 16 due to concerns about dry conditions in the US Midwest.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The proposed price for wheat with delivery in November 2023 was US$ 235/t. As for corn, the best offer of the day for the available segment was US$190/t, with the March position reaching US$185/t. Finally, soybeans presented increases in their proposed values and reached $90,000/t for merchandise fixings. In the Chicago market, futures settled mostly higher. Wheat contracts rose sharply during the day on the back of market concerns about the situation in the Black Sea, after Russia attacked the port of Odessa for the second night in a row. As for corn, the cereal culminated in positive terrain supported by technical purchases, added to ...

Source: Chacra Magazine

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