–The Soy and the corn closed with heavy losses in the Chicago Market this Tuesday, after the USDA published its monthly report in which it increased the production estimates of both crops for the United States.. Meanwhile, the wheat, culminated in gains on projections of tight ending stocks.
In the case of the oilseed the losses exceeded the u $ s 10 and its values touched the lowest values since December of last year, with a decline in prices of 2.5%. In the case of cereal, it fell by more than US $ 4, which represented a 2% drop.
One piece of data to highlight from the report of the North American body that impacted on the grain market was that with respect to the soybean and corn harvest in the northern country, it registered volumes higher than those of 30 days ago.
Wheat closed in Chicago with gains after the USDA cut its estimates of global stocks at the end of the season in its new Global Supply and Demand report published on Tuesday.
Rosario Market
In the local market, according to the Rosario Stock Exchange, the business conference was marked by the publication of the WASDE report by the United States Department of Agriculture. The lawsuit was reluctant to offer conditions prior to the publication of this report. The offers were mostly below the conditions that could be seen on Thursday, both for soybeans and for corn and wheat.
On corn, the market remained cautious after the new regulations regarding exports were released over the weekend, with few buyers in the market. The market for wheat it continued to concentrate a good presence of buyers, with lower offers. In the market of Soy, the purchase offers followed the trend in foreign markets and were below Thursday.
In the market of Soy, the purchase offers were seen only after the publication of the WASDE report, with them falling severely between wheels, and then partially improving towards the end of the day.
For soybeans with delivery available, contractual and for fixations, the best open offer of the day, generalized among the factories at the end of the wheel, was US$ 340/t, about US $ 8 / t below those offered last Thursday. In pesos, this offer reached $ 33,625 / t. (Source: BCR News)
The Rural ABC
