Wheat traded higher, but soybeans and corn fell on the Chicago Board of Trade. Weather in the Middle East, high crop health ratings and weak global demand were among the factors affecting prices.
This Tuesday, the grains experienced a drop, influenced by favorable weather in the American Midwest and an excellent crop condition rating. Soybeans on the Chicago market returned to negative territory with a fall of more than 1.5% to US$377 due to low global demand, while soybeans fell to US$1.89 financial markets were showing signs of recovery.
In the Argentine grain market, soybeans maintained their values despite the losses recorded in the CBOT and the fall of the CCL. On the other hand, Wheat saw better prices, which boosted sales. Available soybeans maintained their value at $290,000 since earlybecoming widespread in business with factories in Rosario.
Corn with quota in Rosario was worth $160,000, while delivery in September was set at $165,000. The port of Ramallo with quota also maintained this value.
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Wheat: A key report occupies traders’ attention
Wheat traded higher, up 1.2% at $199.61, with traders positioning themselves in advance for the USDA global supply and demand report scheduled for next week.
Corn ended lower, down 0.5% at $154, pressured by non-threatening weather in the US Midwest. and high crop condition ratings.
This Tuesday, the dollar strength The competitiveness of US exports has been weakened, and attention has turned to the USDA’s monthly supply and demand report, due out on August 12.
Source: Ambito
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