“This robust global demand is contrasted with a tight supply, to which is added the possibility that Russia will apply greater restrictions to the export of grain and that the persistent abundant rains in Australia end up damaging the crops, which supports the crops. prices, “explained the BCR.
While, the January soybean contract rose 1.3% to US $ 457.18 per ton, at the same time that March did so by 1.21% or $ 5.51 and at the end of the day it was positioned at $ 459.39 per ton, also driven by strong external demand for the oilseed.
During the session, private exporters from the United States announced the sale of 164,100 tons to unknown destinations and 130,000 tons to China. “The latter in particular generates expectations in the markets, given the possibility that the Asian giant begins to drive the global demand for soy,” they said from the stock market.
Its by-products accompanied the rise with an improvement in oil of 2.1% to US $ 1,239.64 per ton, while flour gained 0.42% (US $ 1.65) and reached US $ 394. , 62 a ton. Finally, corn rose 0.9% to US $ 227.15 per ton, when coupled with earnings from other grains.
Source From: Ambito
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