Friday , August 12 2022

Available growth-enhancing operations in Rosario and Chicago showed losses – 11/07/2018


In the afternoon on this Wednesday, despite the fact that we still maintained modest levels of activity, the business area of ​​the Rosario Exchange led to a improvement of commercial activities, mainly from a larger number of negotiations conducted by wheat. Added to this return of traditional buyers which are again active in the market. In terms of prices, there were no major changes in relation to Tuesday.

In the Chicago market, the main grain is adjusted to low. Futures of the soya and corn They had a moderate decrease due to technical sales of the investment funds in a conversion of positions against the new USDA calculations. For its part, it wheat closed due to technical sales of investment funds and withdrawal of external demand for US deliveries.


In the afternoon on Wednesday there were open offers to buy soybeans in the local market $ 8,800 / t for contract delivery.

The soy premiums in Chicago are closing the day in the fall in a wheel marked by the conversion of the positions of the investment funds to the new supply and demand from the US Department of Agriculture. Oil crops fell due to operators being courteous and waiting for the government to increase the forecast for the final soybean stocks in the United States.


Below the wheel on this Wednesday was the offer for the purchase of wheat with unloading of $ 6,200, excluding the possibility of improvement, up to $ 3. The values ​​opened by the new harvested wheat were placed at 175, 178, 176 and 180 dollars per tonne for emissions during the months of December, January, February and March.

Wheat futures in Chicago end the day of declining activity as a result of technical sales of investment funds and the weakening of external demand for US deliveries. CBOT wheat is driven by volatility as traders assimilated contradictory export estimates Russia, the world's largest grain producer.


In today's wheels, the price offered by maize with immediate delivery was established in $ 4,650 / t, for delivery from next week they offered $ 4,700 / t, same as for contract delivery. In the business segment ahead, US $ 134 / t was offered for relief in December while the new values ​​amounted to 142 USD / t for February, 140 USD / t for March, 137 US $ / t for April / May and USD 135 / t for June / July. There were increases of $ 2 for most months of delivery of new maize crop relative to the values ​​on Tuesday.

Corn Futures in Chicago ended the session of the day somewhat down, through technical sales in a relocation of funds towards the new supply and demand report from the US Department of Agriculture. which will be published this Thursday. The expectation of new estimates from the US government limits the possibility of large price differentials. The factors affecting the moderate decline in grain prices were the profit taken after the peaks achieved during the Tuesday round and the pressure exerted by the weakness of the soybean market.

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