The July oilseed contract advanced 0.1% (US$0.55) to US$624.37 a ton, while the August position rose 0.12% (US$0.73) to end the day at US$601.04 a ton.
Prices ended in profit “amid rumors of Chinese purchases, but without official confirmations of said operations”indicated the broker Granar.
Also, “The relative strength of the real against the dollar continues to be a positive factor for US soybeans, given that this state of currencies makes Brazilian exports less competitive. The advance of planting in the Midwest (of the US) limited the chance of higher hikes”, the consultant added.
Meanwhile, soybean by-products closed with ups and downs, showing declines in their closest contracts and increases in the rest of the positions.
Thus, the July soybean meal contract fell 0.19% ($0.88) to $448.74 a ton, while oil fell 0.8% ($14.55) to culminate at US$ 1,789.90 per ton.
For its part, Wheat finished up sharply 5.09% ($19.47) at $401.61 a tonne, as fighting in Ukraine intensified with attacks on kyiv and the city of Mikolaiv.
In this sense, the Ukrainian president warned that the volume of grains that his country unable to export due to the Russian blockade could at least triple by the fall.
In this way, the grain price partially recovered from the fall of around 10% registered last week.
Finally, corn gained 2.13% (US$ 6.10) and stood at US$ 292.31 per ton, in sympathy with the improvements in wheat and the worsening of the confrontations in the Ukraine, which again remove the chance of agreeing to release the grains held since the beginning of the war, Granar specified.
Source: Ambito
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