The raises happened “in response to a monthly report from the USDA that surprised by the sharp cut made on the harvest expectation in the United States: from 123.30 to 119.16 million tons”, specified the runner Granar.
Its by-products accompanied the upward trend of beans, with an improvement in oil of 2.4% to US$1,585.54 per ton, while flour did so by 7.3% and stood at US$521 .27 the ton.
Corn price, Monday, September 12
For its part, Corn advanced 2% (US$5.41) and ended the session at US$280.40 per tonas a result of the USDA reducing its forecast on the volume of US production 2022/2023 from 364.73 to 354.19 million tons.
Wheat price, Monday, September 12
Finally, wheat decreased 1.4% and closed at US$309.11 a ton, due to profit-taking by investors after the rises of the previous week and in the face of the USDA report that “left little or nothing for the market,” Granar said.
In fact, the agency made no changes to the US figures, with a stock of 16.60 million tons, slightly lower than the 16.82 million forecast by private companies and at the lowest level since 16.07 million tons. of the 2013/2014 cycle.
Equally scarce were the news for production and stocks in the rest of the producing countries.
Source: Ambito
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