“The persistence of this weather threatens to further deteriorate soybean conditions at a key moment for the development of the oilseed,” highlighted the Rosario Stock Exchange (BCR).
For its part, corn increased 0.5% and positioned himself in u$s236.31 the ton, due to high temperatures and lack of rain in the United States. And contrary, the wheat receded 1.7% and closed operations in $290.37 the ton.
This occurred while Wall Street remained higher on an optimistic view following the Fed’s announcements, and subsequent statements by Jerome Powell.
However, investors were still on edge after a profit warning from major US retailer, Walmartfueled fears of a further slowdown in spending, when high inflation drives up costs for consumers.
“A new Russian attack on the Ukrainian port of Nicolaiev had raised doubts on the day about the entry into force of the agreements to restart shipments in the Black Sea. However, the opening prospects remain strong and Ukrainian exports will restart in the coming dayswhich led to losses today in wheat”, considered the BCR.
In this sense, today a Ukrainian export coordination center was opened in Istanbul to coordinate the outflow of grains.
Source: Ambito
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