The supply is large, and the rise of soybean price in Argentina is restricted

Introduction: Argentine traders said that due to the abundant supply of soybeans in the local market, Argentine soybean prices rose steadily on Monday "Despite the price rise in Chicago futures market, Argentina's local soybean market should be calmer because of the large supply here," said one trader But demand is also strong If there are a lot of sellers, it's the buyer who controls the price " In Rosario, soybean prices rose $1 per ton, trading between $186 and $187 per ton, while prices in Bahia Blanca and quequin were flat at $186 and $185 per ton, respectively Traders expect soybean prices to continue to rise in the next few weeks as the US soybean quality rating is lowered and local demand is strong Traders say prices don't need to fall There is no reason for prices to fall, either, because there are factors that push prices higher The seller will raise the asking price In Chicago, soybeans rose $2 to $2.85 per ton, and are expected to continue to rise on Tuesday after news that the proportion of soybeans with good to excellent ratings fell to 54% from 57% last week Corn prices fell in all Argentine ports due to the large supply of corn Corn prices in Buenos Aires and Rosario fell $1.30 a tonne to $80 - $90 a tonne, while in kuikun and Bahia Blanca they fell $1 a tonne to $89 - $90 a tonne Wheat prices in Argentina's main ports were flat "The amount of surplus corn available for export is still large, and the pace of export progress is slow," said one trader When demand is not good, the processing plant is just buying the quantity it needs " Wheat prices were flat at US $118 per ton and US $123 per ton in Bahia Blanca and kuikun, respectively In Rosario, local processing plants paid $123 a tonne for wheat, a dollar more than the previous trading day The price paid by the exporter is US $116 to US $118 per ton The price of sunflower seeds in Rosario and eNOS Aires remained unchanged at $184 per ton, compared with $177 per ton in kuikun and Bahia Blanca.