Generalized low prices on the Chicago market

Prices of major grains were operating with widespread losses in the Chicago futures market for Technical sales and forecasts of new rains it would benefit different cultures. The American-Chinese trade war has also influenced the fall of values.

After Monday's hikes, wheat futures The session ended with victims: the 19/19 contract lost $ 3.67 (2.02%) to $ 177.84 per tonne. The reasons include the technical operations of selling the funds, as well as the low international demand for US grain.

For its part, corn futures are ending in the same way, but due to favorable weather forecasts in the Midwest US production areas. The 19/09 contract went from 0.49 USD (0.30%) to 159.05 USD per tonne.

After the drought signals detected in certain areas of the Maicero belt, the arrival of the rains diminishes the worries related to crop yields. However, losses are limited by a level of quality lower than expected by badysts.

Meanwhile, the soybean contracts concluded the session with losses also due to the arrival of rains in US production areas, as crops are in a key phase of development. The oilseeds of 08/19 lost $ 0.92 (0.29%), compared to $ 311.49 per tonne; and oil 08/19, 6.17 USD (1%) up to 605.82 USD; In contrast, flour in 08/19 increased by 0.22 USD (0.06%) to reach 3,225.29 USD.

This price trend is reinforced by the resurgence of the trade war with China, the main buyer of the US oilseed.