Corn also rose strongly, with an increase of around 4% for the short term and 5% in futures contracts. Thus, the ton stood at US$259.83 per ton.
In this way, corn futures hit a seven-and-a-half-week highhighlighted the Rosario Stock Exchange and said that “a decline in the condition of crops in some lots of corn in the United States boosted prices.”
According to the operators, many North American states sounded the alarms and in South Dakota they project the worst performance in a decade. Potential drops in production underpin corn prices and spread to other agricultural commodities.
In the case of soybeans, prices were also supported by a one point cut in the condition of crops in the United States. A) Yes, soybeans closed at US$575.68 per ton, with a rise of US$14.61 (2.6%).
“The lack of water in US producing areas is beginning to be felt in the potential yields of the crop,” it was learned about the causes of the rise.
Meanwhile, in the case of wheat, the close to 9% cut in Ukraine’s wheat production, estimated by the Grain Producers Association of that country, had an influence. Added to this was a 5% cut in the official estimate of Canadian wheat production, giving more strength to prices.
Wheat stood at US$287.61 per ton, with a rise of US$4.50 (1.6%). Corn also rose strongly, with an increase of around 4% for the short term and 5% in futures contracts. In this way, the contract ended at US$259.83 per ton, with an increase of US$10.43 (4.2%).
In this way, corn futures reached a maximum of seven and a half weeks, highlighted the Rosario Stock Exchange.
“A decline in the condition of the crops in some lots of corn in the United States boosted prices. Many North American states sound the alarms and in South Dakota they project the worst performance in a decade. The potential drops in production support the prices of corn and spread to other agricultural commodities,” said
In the case of soybeans, prices were also supported by a one point cut in the condition of crops in the United States. Thus, the soybean contract concluded at US$575.68 per ton, with an increase of US$14.61 (2.6%).
The lack of water in US producing areas is beginning to be felt in the potential yields of the crop. Meanwhile, in the case of wheat, the close to 9% cut in Ukraine’s wheat production, estimated by the Grain Producers Association of that country, had an influence.
Added to this was a 5% cut in the official estimate of Canadian wheat production, giving more strength to prices. The wheat contract stood at US$287.61 per ton, with an increase of US$4.50 (1.6%).
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.
