Friday , August 19 2022

After three losses, the springing soy rises 0.4% to $ 320


God Soybeans rose 0.4% on Thursday to $ 320.04 Chicago market. Meanwhile, Corn is up 0.2% to $ 146.84 and wheat advances 0.5% to $ 188.41.

Yesterday, soybeans lost 0.5% to US $ 318.85, and in this way, its third consecutive scoring fall.Also, corn lost 0.3% to $ 146.55 as well as wheat closed at $ 187.46.

It should be remembered that on Tuesday, soybean closed almost stable at 320.41 dollars per tonne. Meanwhile, corn fell 0.2% to $ 146.94, but wheat rose 0.9% to $ 188.13.

Soy and corn have given way, but wheat has risen after delays have been reported for planting and a slight deterioration in grain quality.

Wheat sowing in winter reached 94 percent on Sunday, compared with 90 percent a year ago, according to a report by the Agriculture Ministry.

Quality was a slight humiliation: almost 50% were considered to be excellent and excellent, compared with 53% last week.

The corn harvest, for the time being, "continued to progress despite the rains that fell over the weekend," experts said.

Also, the rain forecast for crops in the Argentine provinces of Córdoba, Santa Fe and Buenos Aires will benefit corn and make it more competitive with the United States, according to experts CHS Hedge.

Soybean harvest continued to be somewhat delayed: by Sunday, 83% were harvested against 89% a year ago.

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