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Tuesday, February 7, 2023

Soybeans fell to US Department of Agriculture estimates

But this is not the only problem affecting the development of expeditions in this area. According to Mike Zuzzolo, president of Global Commodity Analytics, exports from Argentina could be hampered by the reluctance of the country’s farmers to sell their old crop until they see the conditions for the next crop. “Argentine farmers are aggressively withholding sales,” he said.

Meanwhile, contract January/23 They traded marginally lower by US$0.92 (+0.17%) for the January/23 contracts and settled at US$545.17 and the March/23 contracts fell US$0.73 to $546.83 by 0.13%.

Soybean meal for the Jan/23 contracts rose marginally by US$4.9 (+1.5%) and stood at US$471.30.

Corn recovered and wheat fell

for his part, Maize recovered by 0.43% to USD 249.89 per tonne. This trend has been observed for a few days, with the price of one ton of that grain being recorded after several days of falling, reaching US$246.25 per ton on 6 December.

Meanwhile, the price of wheat declined 1.63% on the day and was located at US$269.79 per tonne. The grain had a modest bounce during the week but has resumed decline in recent days which has been confirmed at this point in time following expected production records in Russia and Australia and renewal of grain in recent days Has been observed. Istanbul Agreement with Russia for the purchase of this item.

World Nation News Desk
World Nation News Deskhttps://worldnationnews.com/
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