Argentina: Local market with prices between stable and bearish among the main grains

Published 2022년 12월 15일

Tridge summary

The domestic market experienced a slight increase in commercial dynamics with the reincorporation of open purchase offers for wheat, a marginal rise in the number of active buyers for maize, and a greater presence of market participants in soybeans. However, soybean prices dropped due to the strength of the US dollar and concerns about a global economic recession. In the Chicago market, wheat and corn futures closed with gains, while soybeans closed with losses. The activity in the sunflower market remained stable with a lower number of buyers.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

During today's session, the activity in the domestic market showed a slight increase in its commercial dynamics, highlighting the reincorporation of open purchase offers for wheat. Maize, for its part, had a marginal rise in the number of active buyers, while the values offered did not register variations between wheels. As for soybeans, a greater presence of market participants was also observed, while the purchase proposals among local industries adjusted with decreases in relation to Wednesday. Finally, both sorghum and sunflower prices remained stable. In the Chicago market, the futures of the main agricultural commodities closed with a mixed balance. Wheat ended the day recording gains in its contracts at the hands of a round of opportunity purchases. For its part, corn also ended with a positive sign underpinned by certain fears regarding the possible consequences of the drought on crops in Argentina. Finally, soybeans differ from cereals and close adjusting losses, ...
Source: Rural Net

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