But that is not the only problem that affects the evolution of the campaign in the region. According to Mike Zuzolo, president of Global Commodity Analytics, exports from Argentina could be hampered by the unwillingness of the country’s farmers to sell the old crop until they see the conditions of the next crop. “Argentine farmers are aggressively withholding sales,” he said.
Meanwhile, the contracts January/23 They traded with a slight drop of US$0.92 (+0.17%) for the contracts of January/23 and are located at US$545.17 and those of March/23 fall US$0.73 at 0.13 % to $546.83.
Soybean meal had a slight increase of US$4.9 (+1.5%) for the contracts of January/23 and they were located at US$471.30.
Corn recovered and wheat fell
For his part, Corn recovered 0.43% and rises to US$249.89 a ton. This trend has been seen for a couple of days, after several days of falling that the price of a ton of that grain had registered, which had reached US$246.25 a ton on December 6.
Meanwhile, the price of wheat fell 1.63% in the day and was positioned at US$269.79 a ton. This grain had had a slight rebound during the week, but in recent days it has resumed the downward trend that is confirmed at this time and that has been observed in recent times due to the expected production record in Russia and Australia and after the renewal of the Istanbul agreement with Russia for the purchase of this commodity.
Source: Ambito
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