Local market in Argentina with prices between stable and bullish for coarse grains
Wheat
Sunflower Seed
Published Dec 13, 2022
Tridge summary
The opening of the week in the local market was marked by the novelty of the return of the activity to the physical premises of operations of the BCR, with a good presence of operators both on the supply and demand sides. Regarding the main grains, in the wheat market the reappearance of open offers for the cereal stands out after a few days without prices in sight, while in corn the number of buyers was marginally reduced compared to last Wednesday, although the prices offered remained stable between wheels. As for soybeans, there was also a lower number of active buyers in the market, but the values offered registered increases compared to the closing of the previous week. Finally, the reappearance of offers for sorghum.
Original content
The opening of the week in the local market was marked by the novelty of the return of the activity to the physical premises of operations of the BCR, with a good presence of operators both on the supply and demand sides. Regarding the main grains, in the wheat market the reappearance of open offers for the cereal stands out after a few days without prices in sight, while in corn the number of buyers was marginally reduced compared to last Wednesday, although the prices offered remained stable between wheels. As for soybeans, there was also a lower number of active buyers in the market, but the values offered registered increases compared to the closing of the previous week. Finally, the reappearance of offers for sorghum also stands out, while the sunflower remained unchanged between wheels. In the Chicago market, the futures of the main agricultural commodities closed the day with a mixed balance. Wheat ended with gains and reaching up to US$ 10/t in its closest positions after ...
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