Global Courant 2023-04-21 07:02:44
They are pressured by poor weekly export data from the United States and by the possibility that the safe corridor in the Black Sea will be extended after May 18, the day the Russia-Ukraine deal expires.
Grains closed again lower in the Chicago market, pressured by poor weekly export data from the United States and by the possibility that the safe corridor in the Black Sea will be extended after May 18, the day on which the agreement between Russia and Ukraine.
The May contract for the oilseed fell 0.59% (US$3.31) to US$550.24 a ton, while the July contract fell 0.69% (US$3.77). to conclude the day at US$ 539.58 a ton.
The fundamentals of the drop lay in the bad weekly export data from the United States.
The United States Department of Agriculture (USDA) today reported sales of just 100,101 tons, while the market expected a range of 250,000 to 425,000 tons.
“In other words, the volume of demand was very low, impacting bearishly today,” marked the Rosario Stock Exchange (BCR).
Its by-products accompanied the bean, with a drop in oil of 1.07% (US$ 13.01) to US$ 1,199.96 a ton, while flour fell 0.68% (US$ 3.42) to position at US$ 497.46 a ton.
Corn lost 1.26% (US$3.35) and was positioned at US$261.31 a ton, as a consequence of, as happened in the case of soybeans, bad US export data, to which was added the possibility that the agreement between Russia and Ukraine for the maintenance of a safe corridor for grains in the Black Sea will continue after May 18.
This same situation affected wheat, which fell 2.05% (US$5.14) to end the day at US$245.36 a ton.
“At the same time, a European Union (EU) plan to allow Ukrainian grain to continue to be transported through five eastern bloc countries for further export reduced the risk of a disruption to Ukrainian shipments,” the statement said. BCR.
