Delays in planting corn and soybeans in the United States triggered prices in Chicago

Delays in planting corn and soybeans in the United States due to poor weather conditions have pushed prices for these crops on the Chicago market, while improving wheat conditions in the United States lower grain prices.

July contract for oilseeds increased 0.31% (1.01 USD) up to $ 323.99 per tonne, at the same time as the month of August, made it 0.33% ($ 1.10) to close at 326.56 USD per tonne. The increase in futures prices is due to significant delays in planting beans in the United States, due to adverse weather conditions in the production areas.

The Ministry of Agriculture of this country reported that the advance of plantations It was located in 39% of the stipulated area for culture, 40 percentage points below the average of the last five seasons.

According to the Rosario Stock Exchange (BCR), among the operators "worries persist for crop yields, which can be strongly affected by excess water ".

Its by-products accompanied the increase in bean, with an oil price improvement of 0.54% (US $ 3.31). up to $ 606.04 per tonne, while flour made it 0.16% ($ 0.6) to end the day at $ 353.8 per ton.

Maize increased by 0.23% (0.39 USD) and was positioned at 167.71 USD per tonbecause the sowing "is well below the average of recent seasons because of the relentless rains with which they have had to deal with the producers," said the BCR.