Wednesday , June 23 2021

The soy & # 39; & # 39 closed in Infocampo; free fall in & # 39; Chicago



"The soy complex suffered huge losses in the present day, as optimism about the expected meeting between the leaders, to be held this weekend in Argentina. Failure & # 39; news related to the negotiations between the two powers, because the meeting was imminent, was working as a & # 39; pressure element and led to sales. F & # 39; this context, the prices -sojja decreased to US $ 316 / tn, "said Grimaldi Grassi.

At the same time, the campaign & # 39; t America & # 39; & # 39 Lower operating b; similarly. B & # 39; in particular, in Brazil, the best climatic conditions allow to start the threshing by the end of & # 39; December. Private indicating the fulfillment of & # 39; & # 39 record volume; harvest.

"The wheat contracts closing the day with & # 39; losses close to US $ 1 / tn. In the absence of & # 39; new fundamentals, the operations prices are conditioned by the collapse suffered soy," said the grain broker.

Finally, "wheat was different from their peers and closed the profitable day near US $ 2 / tn. The prices found support fears before the growing tensions between Ukraine and Russia. On the other hand, the new sales report of wheat from US operators alike. to Egypt. According to the USDA, the new businesses were closed for 120,000 tons . Hence, the renewed participation & # 39; American goods in buying & # 39; the major importer brought the optimism in the market ", concluded the analysis of & # 39; Grimaldi Grassi on international closures of the grain market.

The local market is increasing

"The increase in the price of the currency & # 39; American & # 39; America led to the local buyers to increase their proposals for the purchase, as cereals as well as soybeans , triggering a week b & # 39; improvements in the area of ​​& # 39; this exchange. for soybeans, the region factories offered $ 9,200 / t for a good b & # 39; contractual delivery ( $ 200 / t over the day & # 39; before). Meanwhile, the purchase proposal for grain b & # 39; delivery & # 39; December reached $ 5,000 / t, and the value offered to grain b & # 39; & # 39 in delivery; March was & # 39; US $ 188 / t ", said the Stock Exchange & # 39; Rosario.

On Term Market & # 39; Rosario (ROFEX), the contract of Fabrica January Soya & # 39; 19 quoted a US $ 246.7 / t.

Regarding the local market, the prices offered in the building & # 39; this Exchange offered the following values: for soybeans, the purchase offer was & # 39; $ 9,200 / t b & # 39; contractual delivery; for wheat, the value was $ 5,000 / t delivery & # 39; December, and $ 140 / t in discharge & # 39; Marzu19; for wheat, the bid was & # 39; US $ 175 / t at unloading, and US $ 185 / t delivered in & # 39; March & # 39; 19; per sunflower, value for release in goods was & # 39; $ 8,500 / t and $ 227 / t discharged in & # 39; December & # 39; 18; and finally sorghum, no bid & # 39; purchase has been registered.


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