In it Local marketfluctuations were observed in the prices of the main crops. During the day, soybeans started at a value of $105,000 pesos per ton on the open market, but later fell to $103,000 pesos. The fixings were located at $100,000 pesos.
On the other hand, he corn with unloading it operated at a price of $49,500 pesos per ton. As for the late corn position, a value of $190 was recorded.
As regards wheat, the export price stood at $300 dollars per ton. For the new season, wheat traded at $235 per ton, with delivery scheduled for January.
In the Chicago international market, the day was marked by increases in grain prices, thanks to the technical purchases that were made after a week of decline last Friday.
Soybean contracts began the week with an upward rebound, after reaching their lowest value in 10 months due to abundant global supply and weak US exports.
For his part, corn contracts in Chicago showed a solid recovery in today’s session, after the decline experienced last week. Technical buying was the main driver of prices during the day.
As for wheat, futures began the week with mixed balances. Most of the contracts were adjusted higher on profit taking after hitting two-year lows throughout the day.
These movements in the market reflect a change in trend after the recent downward trend, and offer a respite for producers and players in the grain market.
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2023-05-22 20:09:00