The exported volume of the Argentine soybean complex during May was the most important since 2020

At the export exchange rate, the slate per soybean recovers, trading at levels similar to those of mid-May at USD 297/t and having gained USD 8/t (+3%) from last week's minimum, while for the corn slate is trading at USD 168/t, recovering USD 6/t (+3%) since last Monday. The purchasing power of a ton of soybeans remains at similar levels to those of April and that of corn is at its lowest levels for the entire year. On the oilseed side, factories put pressure on prices in their intention to originate merchandise given the strength of derivatives and their high external demand. In this sense, during the first week of June they accumulated purchases of 760,000 tons and between new contracts and fixings, prices were fixed at 790,000 tons of soybeans. In addition, the bean export sector maintains its demand and in the first week of June purchased 170,000 tons. Exports of soybeans and their derivatives maintain very good dynamism, which gives certain degrees of freedom to originators ...