The prices of the main grains began the week with general falls in the Chicago market, in a day in which the drop of more than US $ 20 in the price of soybeans stood out.
The oilseed’s September contract fell 4% (US $ 20.03) to US $ 479.41 per ton, while the November position fell 1.51% (US $ 7.35) to settle at US $ 478 , 86 the ton.
The fundamentals of the decline lay in the liquidation of contracts by investment funds in the face of the rains that fall on the east of the US soybean / corn belt, grain brokerage Granar said.
Its by-products accompanied the negative trend, with a decrease in flour of 1.86% (US $ 7.28) to US $ 383.16 per ton, while oil had a retraction of 1.66% (US $ 22.49) to US $ 1,328.92 per ton.
Read Also
- The Simpsons: create a mini TV that plays episodes of the first seasons without stopping Aug 24, 2021
- Tech, the advice for purchases by Libero Shopping Aug 10, 2021
- Fast charging electric car, Ford Mustang Mach-E record Sep 4, 2021
- Samsung Galaxy A41 : Samsung launches new smartphone at mid-range in France Jun 3, 2020
- Pandschirtal: North-east of Kabul, resistance group against Taliban arises Aug 19, 2021
- TV bonus, how it works: 100 euros for 1 million families, all the details Jul 5, 2021
- Vivo includes its fast charge, 120W brand iQOO, and plans to expand it even more Jul 15, 2020
For its part, corn contracted 3.18% (US $ 6.99) and stood at US $ 212.69 per ton, amid the sales made by investment funds.
This behavior was due, in part, to the possibility that the rains registered in recent days improve the prospects for late crops, but also due to the imminent entry of the new harvest and the absence of news from part of the demand Granar explained.
Finally, wheat yielded 1.35% (US $ 3.58) and ended the day at US $ 260.42 per ton, “driven by the considerable losses of corn and soybeans,” the Rosario Stock Exchange considered. (BCR).