After Monday’s steep fall, the price of soybeans rises again in Chicago

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After Monday's steep fall, the price of soybeans rises again in Chicago




FILE PHOTO: Soy plants are seen at a farm in Carlos Casares, Argentina, April 16, 2018. Picture taken April 16, 2018. REUTERS/Agustin Marcarian/File Photo


© Provided by Clarín
FILE PHOTO: Soy plants are seen at a farm in Carlos Casares, Argentina, April 16, 2018. Picture taken April 16, 2018. REUTERS/Agustin Marcarian/File Photo


Soybeans, wheat and corn registered new price rises today at the opening of the Chicago Market.

The oilseed returns to positive terrain after falling 3% in Monday’s wheel due to technical sales and possibilities of rain in Brazil. The contracts recorded increases of US $ 2.2 for the November position, up to US $ 382 per ton. For its part, soybean oil rose to US $ 733.7 per tonne for the most immediate positions.

Corn, meanwhile, increased US $ 0.9 to US $ 154 per ton (December position), the highest level since the end of last January, Based on technical purchases and thanks to increases in the wheat and soy segments, explained the BCR.

As for wheat futures, they registered an increase of US $ 2.9 per ton, to US $ 221.3 (December position) and US $ 222 (for March).

The rise, in this case, reflects concerns about the lack of water in some regions of the Black Sea and the United States, which could condition the supply of cereal in the next season, concluded the Rosario Stock Exchange.

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