Climate market and Trump signals consolidate strong Chicago recovery

In the Chicago market, soybeans exceed US $ 5 tonalada among Trump's signals on the possibility of an agreement with China.

https://twitter.com/realDonaldTrump/status/1128257891805298690

In addition, plantations in the United States continue to lag behind due to significant moisture affecting the major producing areas.

Discovered and technical rebound

Fyo explained that corn planting continues very delayed 30% compared to previous years compared to previous years and well below the average of 66%. In the case of wheat, optimistic data on US export sales confirm its findings.

Rosario's market research team points to "sharp increases in the technical rebound after reaching minimum values ​​in 10 years, as the trade tension between China and the US has added to the lower demand of the world's largest importer ".

Soybean on the local market managed to maintain value during the wheel yesterday, managing to cope with external losses.

On the other hand, corn subsidies sales opportunities before the export application, this must meet the boarding commitments.

See also: The price of corn and an opportunity in the middle of the "perfect storm"