Argentina's soybean recovery spot price soared
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Last Update: 2002-07-26
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Source: Internet
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Author: User
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Introduction: it is reported that Argentina's soybean spot price soared on Wednesday, recovering Tuesday's loss due to the rise of Chicago soybean futures One trader said Chicago soybeans rose and the local market reacted In addition, export companies actively purchased in the market, and their demand also drove prices higher Local soybean prices in Argentina have been following Chicago's trend Chicago soybean prices rose Wednesday on concerns of hot, dry weather in the Midwest In Rosario, soybean prices rose 15 to 20 pesos to 560-565 pesos per ton, or $153-154.40 In Bahia Blanca, soybean prices rose 13 pesos to 560 pesos In quequequequen and Buenos Aires, soybean prices rose 10 pesos to 540 pesos per ton Strong export demand also supported prices, but this did not significantly increase market supply, with Rosario selling 13000 tons of soybeans, far less than trading volume in recent days Traders say it is now the sellers who control the market and want to sell less than the exporters want to buy (author:) share to feed Weibo share to:
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