In the same vein, the corn stepped back 1.5% ($3.64) and positioned himself in $238.96 the ton, which cut a positive streak of five days.
And the wheat decreased 0.92% ($2.76) and closed operations in u$s294.04 the ton, also due to the completion of the first departure of a ship loaded with grains from the Ukrainian port of Odessa.
“The declines, which were the product of profit-taking by investors after recent sharp rises, they had among their arguments the dispatch from Ukraine of the first ship loaded with grains since the beginning of the war,” said the consultant Granar.
Also affected pricesIndonesia’s ratification of its decision to increase palm oil exports, and a drop of around 5% in the value of oil.
Thus, soybean prices closed lower after six positive days in a row.
For their part, soybean by-products, meanwhile, accompanied the negative trend, with a decrease in soybean meal. 1.7% ($9.15) until u$s536.82and a drop in oil 3.5% ($52.25) to end the day $1,460.10 the ton.
As in the case of soybeans,The losses responded, fundamentally, to the fact that “investment funds opted for a partial withdrawal of profits after the news of the first dispatch of a ship loaded with more than 26,000 tons of corn from the Ukrainian port of Odessaon the Black Sea, since the beginning of the war, on February 24, “said Granar.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
