The prices of grains had a different close today in the Chicago market, with increases in soybeans hand in hand with a jump in oil prices, while cereals, especially wheat, culminated in the decline due to the action seller of investment funds.
The January contract for the oilseed rose 0.23% (US $ 1.10) to US $ 463.89 per ton, while the March contract rose 0.05% (US $ 0.28) to settle at US $ 464.90 per ton.
The fundamentals of the rise lay in the strong recovery in the price of oil, which rose 2.35% (US $ 27.12) to US $ 1,178.79 per ton, as a consequence of a lower stock than expected by the market in the United States. United.
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This not only caused the by-product to end a series of six consecutive declines in the stock market, but it could also reverse the fall of more than US $ 20 that was registered before noon.
The opposite luck ran the flour, whose price fell 1.24% (US $ 5.18) and stood at US $ 410.27 per ton.
For its part, wheat fell 3.93% (US% 11.39) and closed at US $ 277.78 per ton, as a result of the sales of speculative funds, the entry into the commercial circuit of the South American harvest and the possibility that China will resume buying grain from Russia.
“The chance that China will remove the sanitary barriers that today prevent the purchase of wheat from Russia stood out among the bearish fundamentals,” explained grain brokerage Granar.
Finally, corn fell 0.76% (US $ 1.77) to end the day at US $ 230.69 per ton, dragged down by the losses of wheat, which “are imposing a necessary adjustment on the coarse grain to stay competitive in the forage market, “explained Granar’s report.
Additionally, the 2% weekly increase in US ethanol stocks added to the bearish trend for corn.
With information from Télam
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