Argentina: Wednesday with little commercial dynamism in the Rosario square

Published 2023년 1월 4일

Tridge summary

The local agricultural market remained stable with little dynamics and similar prices for the main grains, including wheat, corn, soybeans, and sorghum. Wheat remained unavailable with no offers, while stable prices were maintained for corn and soybeans. Sunflower saw a slight increase in offers for immediate delivery, rising by US$20/t to US$450/t, while unloaded grain remained at US$430/t. No offers for barley were made during the session. Open offers for new season sorghum were recorded at US$ 240/t for delivery between March and July.

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

Original content

Averaging the week, the activity in the local market remained very similar to the previous round, with little dynamics in general terms, and mostly stable prices for the main grains. As for wheat, the market was again vacant, without registering offers on sight. On the corn side, the same number of active buyers remained, with stable prices between sessions and a marginal increase in open positions. In the soybean market there were no major news either, maintaining the number of participants from the industry side and stable offers. Finally, the sorghum market presented no changes while the sunflower registered bullish offers in short deliveries. SOY On the soybean side, there was an equal number of active buyers in the market, with stable prices compared to Tuesday. In this sense, $70,000/t was offered openly for unloaded grain and for fixing merchandise, without variations between days. SUNFLOWER Regarding sunflower, there was the same presence of active participants and an ...

Source: Chacra Magazine