In this way, the May oilseed contract fell 2.1% (US$12.68) to US$595.62 per tonwhile July did so by 2.3% (US$13.50) to settle at US$582.48 per ton.
“Without confirmations of new sales to China and amid the general decline in the main global stock indicators and oil, investment funds accentuated the liquidation of contracts seen during much of last week and the withdrawal of profits”, analyzed by the consultancy Granar.
Soybean by-products followed the trend, with a drop in the 2.9% flour (US$13.56) up to US$453.15 per tonand a drop in the 1.4% oil (US$26.90) to close at US$1,921.96 per ton.
Regarding cereals, corn fell 1% (US$3.05) and stood at US$308.84 per ton, due to an active liquidation of contracts by investment funds, in a bad day for the stock markets.
As soon as to wheat, its reference contract decreased 1.3% (US$5.05) and stood at US$398.03 per ton at the close of the session.
As in the case of corn and soybeans, the declines were marked by “the liquidation of general contracts”.
Source: Ambito
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