Argentina's local market with disparate purchase offers between the main grains
Sorghum
Wheat
Published Dec 1, 2022
Tridge summary
In this sense, for available wheat we had offers that were located at US$ 315/t. On the corn side, the proposals for the cereal with immediate delivery remained at US$ 235/t, although the delivery in March fell to US$ 240/t. Finally, for unloaded soybeans and for fixings, offers from the industrial sector were at $85,000/t. In today's trading, Chicago futures ended the day on mixed ground. Wheat closed adjusting gains on the back of short covering and some expectations that China might ease its COVID restrictions. On the other hand, a weak demand for corn exports led the cereal contracts to end the day in negative territory.
Original content
Finally, and like wheat, soybeans also strengthened and recorded increases in all their futures driven by some optimism about the possibility that China relaxes its measures to prevent the rise in COVID cases, which could imply a greater demand for part of the Asian giant. In the Matba - ROFEX market, the Dec-22 Soybean contract operates at US$ 370.6/t. Regarding the local market, the prices offered were the following: - For wheat, US$ 315/t Available.- For corn, US$ 235/t Available and US$ 240/t March '23.- ...
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