Opportunity purchases by speculative funds also supported prices after the sharp declines recorded in previous sessions, explained the Rosario Stock Exchange (BCR).
Soybean meal accompanied beans in gains, with an improvement of 2.2% to US$509.92 a ton. Meanwhile, oil lost 0.5% to settle at US$1,327.5 per ton.
For its part, corn rose 1.1% and stood at US$293 a ton, also as a consequence of a deterioration in the state of the crops and due to opportunity purchases. According to the USDA, the cereal in good to excellent conditions in the northern country went from 67% stipulated last week to 64% today.
Finally, wheat fell again on this day, with a fall of 0.2% and ended at US$291.10 per ton.
The drop not only corresponded to a strong advance in threshing in the Northern Hemisphere, but also to a 7-point improvement in crop conditions from good to excellent in the United States, going from 59% to 66% in one week, according to the USDA.
Source: Ambito
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