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
- He started chasing a duck, until he found himself stuck. He couldn’t help but cry, until … Jul 18, 2021
- Gisela responds to comments against Queens of the show: If you don’t like it, see other programming Aug 30, 2021
- Twitter verification, again paused by the flood of requests May 29, 2021
- According to Elon Musk, the Tesla’s are very close to the total autonomy Jul 12, 2020
- Putin forces giants like Facebook, Google and Amazon to open offices in Russia Jul 1, 2021
- Euro 2022: Les Bleues in the semi-finals after their victory against Germany Nov 15, 2022
- Google, we change: here is the core update of July, what happens Jul 9, 2021
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).