In the international market, oilseeds fell $8.
Soybeans rose again by $2,000 on the Rosario Stock Exchange (BCR) and closed for delivery through Dec. 27 at $94,000 a ton, in week three of Export Increase Program II (PIE II), which sets a differential exchange rate of $230 to the dollar for soybean complex.
In Chicago, by contrast, the January contract for oilseeds lost 1.56% (US$8.54) to US$536.64 a ton, while the March contract lost 1.52 % (8.36 US dollars) to settle at 538.48 US dollars per ton.
The reasons for the decline were the rains beneficial for the crop in Argentina, despite the water deficit continuing to be serious in various production areas of the country, and the rainfall recorded in southern Brazil.
Similarly, forecasts of a strong Chinese oilseed harvest, which could be 23.7 percent higher than last year’s, have put downward pressure on grain values, brokerage Granar said.
For available delivery corn, $240 per ton was openly offered, with no change between days, while the January unloading held its value at $237.
As regards the cereal for the next campaign, for the February-March stretch, offers were recorded for US$ 235; April, $230; May, $225; June, $210; and July, US$205.
On the other hand, wheat with available delivery was trading at US$325 per ton.
Finally, sunflower closed at $400 and sorghum at $230 a ton.
