soybean futures they fall again this Thursday, March 23 and touch their lowest value in the last five months in the Chicago market, while the Investors continue to debate the economic impact of the recent monetary measures of the US Federal Reserve.
The oilseed fell 2.2% to US$520.83 a ton, the lowest since the end of last October, pressured by the continued pressure of the Brazilian crop, and weaker than expected weekly US export data.
At the same time, The most active corn contract on the Chicago Stock Exchange (CBOT) fell 0.6% to $247.83 a tonafter having reached a maximum since February 28 at the beginning of the session.
For its part, wheat on the CBOT rose a paltry 0.4% to $243.88, recovering from Wednesday’s 20-month low.
The United States Department of Agriculture reported that wheat export sales for the week ending March 16 were 138,600 tons.less than the forecasts of the operators.
Export sales of corn stood at 3,189 million tons, in line with expectations. Soybean export sales were 351,500 tons, less than market forecasts.
Source: Ambito
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