Chicago's period price is stronger, while Argentina's grain price is rising steadily

Introduction: Buenos Aires, June 26 news: on Wednesday, grain prices in Argentina rose steadily, while the prices of oilseeds and some grains rose for the fourth consecutive trading day, mainly supported by the rising Chicago futures market The rise of local prices has prompted more farmers to increase their sales However, these farmers have been reluctant to sell their products for a long time, because they are worried about the domestic economic prospect, the peso falls, and they do not trust Argentina's banking system, so they are reluctant to sell food in exchange for the peso But although farmers began to increase sales, the market supply is still low Local traders say farmers are still hoarding a lot of food and oilseeds On Wednesday, the peso rose slightly, thus limiting the price rise A rise in the peso usually drags down food prices The peso closed at 3.89/3.91 to the dollar on Wednesday, compared with 3.91/3.93 to the dollar on Tuesday The peso has fallen 74 per cent against the dollar since its January devaluation Sunflower seed prices in all ports rose by 10 pesos to 580 pesos per ton In Rosario, soybean prices stabilized at 530-535 pesos per ton, or between 135.50 and 136.80 US dollars In Buenos Aires, soybean prices rose 5 pesos, or 523 pesos per ton; in quequequen, prices stabilized at 510 pesos per ton, and in Bahia Blanca, at 535 pesos per ton The increase in corn supply has put pressure on Rosario's corn prices, which have fallen by two to seven pesos to 295-300 pesos per ton Rosario's export wheat price is stable at 395 pesos per ton, while processing plants in the port area pay 440 pesos per ton for wheat, the same as in recent days The wheat processing plant in Buenos Aires pays 490-500 pesos for wheat, one by one, depending on the quality of the wheat and the schedule of payments, in line with recent prices In Bahia Branca and quequequequen, wheat prices were flat at 470-480 pesos per ton (author:) share to feed Weibo share to: