For his part, the corn fell -2.53%, or $6.10and closed to $234.93 the ton, as a result of the climate improvement in US areas.
Lastly, the wheat fell -0.06%, either u$s0.18, and ended the session at $298.45 the ton.
Other reasons that underpinned the decline were forecasts of favorable weather for the crop in the producing areas of the United States and the weakness of Chinese demand.
“The volatility of the climate market is at its maximum expression, with the investment funds playing the game that they like the most and where the biggest profits are guaranteed, in step with each update of forecasts”, indicated a report of the corredora Granar.
The scenario of rising grains was generated while the main Wall Street indices rose as earnings season accelerated, with investors watching closely monitor the impact of higher inflation on demand and the strength of the dollar on earnings.
Among the most relevant indicators of the US stock market, the S&P 500 won 104.50 pointsor a 2.73%a 3,935.35 units; Meanwhile he nasdaq won 348.86 pointsor a 3.09%a 11,708.91. The Industry Average Dow-Jones went up 742.68 pointsor a 2.39%a 31,815.29 units.
Source: Ambito
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