Global Courant
It was before the buying action by speculative funds, while cereals ended the day with the majority of losses in the stock market.
Soybeans closed with increases in the Chicago market due to the buying action by speculative funds, while cereals ended the day with the majority of losses in the stock market.
The July contract for the oilseed rose US$ 2.76 (0.55%) to US$ 499.99 a ton, while the August contract did so for US$ 0.55 (0.11%) to position at US$ 465.63 a ton due to technical purchases by speculative funds.
However, only the aforementioned contracts ended the day on the rise, since the most distant positions closed with falls in their prices due to the lack of interest of the Chinese demand for the American grain and the chance that on Friday the Department of Agriculture of United States (USDA) raise its estimate on the final stock of the oilseed.
Flour accompanied the rise of beans, with an improvement of US$ 9.37 (2.14%) to US$ 446.65 per ton, while oil lost US$ 9.92 (0.88%) for settle at US$ 1,112.65 a ton.
Meanwhile, corn fell US$ 1.48 (0.61%) and settled at US$ 237.88 per ton, as a result of beneficial rains for the crop in North American producing areas.
“The US climate market has just started and there is a lot of volatility ahead, depending on the updates to the forecasts,” explained analysts from the Granar brokerage.
Also putting pressure on was the possibility that on Friday the USDA would raise its estimate for the volume of US ending stocks.
Finally, wheat fell US$ 4.04 (1.75%) and settled at US$ 226.62 a ton, due to the pressure exerted by the advance of the winter harvest in the United States and its imminent start in Europe. .
