In turn, this Wednesday was added a decrease in the international demand for US grain compared to the same date last year. According to a report from Chinese Customs, soybean imports fell 30% in September.
Soybean oil, meanwhile, advanced 1.26% or $ 1,308.64 per ton, while flour gained 0.15% to end the day at $ 345.46 per ton.
For its part, corn fell 2% and traded at US $ 201.66 per ton, due to a rise in projections for US production, with the consequent increase in ending stocks. “Although sales abroad of 160,000 tons to unknown destinations were registered during the day, exports have been meager in recent weeks, which raises concerns about international demand and adds to the downward inertia,” the BCR said.
Wheat fell 2.2% and stood at US $ 264.10 per ton, due to profit taking by investment funds after the increases registered in the wheel on Tuesday that were driven by projections of lower global stocks.
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.
