The sharp fall of the oleaginous occurs amounts to concerns about the objectives of biofuels of the United States, according to operators. Corn and wheat, on the other hand, climbed up to 1.4%.
The oleaginosa It sank more than 2.5% This Thursday after reach maximum in ten months and notes its greatest daily decline since the imposition of tariffs of Donald Trump. The strong fall was caused by concerns about the objectives of Biofuels from the United Statesaccording to operators.
The most active futures of the soy in the Chicago bag They fell 2.52% U $ 386.26 a tonafter the soybean oil It will collapse 5.7%.
The soy had reached on Wednesday its highest price since the end of July, promoted by the distension of the commercial dispute between USA and China And optimism about Continuity of tax credits Americans for him Biodiesel fuel.
However, concerns about Biofuel policy resurfaced with rumors that the objective of volumes of Renewable diesel that is being discussed for next year it will be much lower than 5,250 million gallons proposed by an alliance of producers of oil and biofuels.
“It was disappointing for those who were waiting for a larger figure”said Terry LinnVice President of Linn & Associates.
The agribusiness consultant AGGRESS He estimated on Wednesday that United States soy exports could fall 20% and that the prices would collapse if Washington and Beijing fail to resolve their commercial dispute.
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He corn rises 0.8% a U $ S176.77 The ton after starting down, pressed for ideal conditions for planting and cultivation in the American cornmaker.
He wheat 1.2% scale a U $ S195.56 The ton, since the low prices caused a wave of demand for American cheap wheat.
Source: Ambito
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