Argentina soybean fell for the second day in a row

Introduction: Buenos Aires, July 3 news: Argentina's soybean spot market prices fell for the second day in a row on Wednesday, falling 2.5% in Rosario, the main soybean export port The stronger Peso offset the positive effect of the late Chicago soybean price rise Rosario soybean prices closed down 14.5 pesos at 515-517 pesos per ton, or 141-145.40 US dollars One trader said that the main reason for the price drop on that day was the stronger peso While the soyabean Peso fell, soyabeans' dollar price rose to $143 a tonne from $140 on Tuesday The peso strengthened in large volume trading on Wednesday, closing at 3.62/3.64 to the dollar, up from 3.68/3.70 on Tuesday Rosario's soybean trading volume is slightly lower than in recent days Soybeans were quoted at 500-515 pesos in Brazil and quequequen, compared with 514-530 pesos on Tuesday Farmers are still reluctant to sell their own food because the economic situation is still uncertain Many don't want to trade food for an unstable peso At the end of June, soybean sales increased slightly because farmers needed to pay for loans and buy supplies at the end of the month, but the overall transaction level was still low Farmers also store about 17 million tons of soybeans, more than half of this year's 30 million tons, a trader said Despite rising export demand, Rosario's corn price fell 12 pesos to 265 pesos per ton Corn prices in Buenos Aires were stable at 273 pesos per ton, down 20 pesos at 260 pesos in quequequeen and 10 pesos at 270 pesos in Bahia Blanca Wheat traded at 400-405 pesos in Rosario, the same price as last day The price paid by the Buenos Aires processing plant is 490-500 pesos, ranging from flat to 10 pesos down (author:) share to feed Weibo share to: