Grain losses pronounced in the Chicago market

Soybeans and Corn Returned to the Chicago Market because of the good weather for crops and an improvement in its quality.

The September contract for oilseeds fell 0.87% ($ 2.76) to $ 310.94 per tonne, while the November contract fell 0.92% ($ 2.94) for US $ 315.72 per ton.

The decrease was mainly due to the improved harvest conditions in the United States and the precipitation that occurred in the production areas of the United States. United States Department of Agriculture (USDA) increased by two percentage points soy in good condition to reach 55% of the total.

"This factor, along with the beneficial rains for crops that have developed in the North American Midwest in recent days and are scheduled for the course of the week, depress prices in the reference market", explained the Rosario Stock Exchange (BCR) in its daily badysis of activity in Chicago.

For its part, corn was also reflected in its prices, who finished, data on improving crop conditions and weather. The USDA increased the cereal by one percentage point in good conditions and positioned it at 57%.

Finally, wheat increased by 0.15% ($ 0.28) and closed at $ 174.04 per tonne, thanks to the technical sales of the operators and delays in the US harvest.