Pure Voltage Grain Market: They've lowered soybeans and corn in Chicago

The price of soybeans fell again in the Chicago market because of the trade war between China and the United States, while maize cut with a positive series of nine sessions consecutive upward.

July oilseed contract down 0.84% ​​($ 2.57) up to 301,85 USD per tonne, at the same time as the one in August, made it 0.86% (2.66 USD) and was 304.33 USD per ton.

The market lives days of a lot of tension due to the trade dispute between the United States and the Asian giant, amid strong hopes of an increase in the area planted in North American land. Meanwhile, Trump has announced new subsidies for producers affected by fluctuations.

According to the Rosario Stock Exchange (BCR), delays in corn planting could result in "farmers direct the originally planned hectares "Despite falling prices, there was positive data on soybean and soybean exports by the United States.

According to the US Department of Agriculture's (USDA) export sales report, weekly sales were made for 535,848 tonnes of grain from the last crop. "This resulted in a jump of 44.5% compared to last week and was well above last year for this period, "Telam said of the BCR.

The data of the day

Soybean sales of the new campaign totaled only 5100 tons, while soybean meal sales amounted to 300,059 tonnes and oil sales to 9,088 tonnes.

On the other hand, maize fell 1.20% (US $ 1.87) to reach US $ 153.44 per tonne, while the US government today introduced a US $ 1.34 million program. agriculture aid worth $ 16 billion. this "could encourage farmers to plant more maize, despite adverse weather conditions".

Finally, wheat fell by 0.52% (0.92 USD) to establish at 172.79 USD per tonne, due to the announcement of the implementation of the program. aid to agriculture, which had a bearish impact on the market, beforeas predictions of larger seedlings of the spring variety "