Soybean closed slightly higher at US $ 316.46

Soybeans advanced 0.1% to US $ 316.46 per ton on the Chicago market on Thursday. Meanwhile, corn gained 0.6% to US $ 142.32, but wheat fell 1.1% to US $ 197.14, after pulling more than 6% the day before.

Regarding oilseeds, Ryan Etnner, of the Allendale Brokerage, said that investors "seem to continue discussing how the $ 12 billion aid plan will affect the market" announced by Trump to relieve the affected farmers for retaliation at United States tariffs, particularly the producers of this oilseed. It has not yet been detailed how this grant will be distributed to producers.

For its part, corn took advantage of the prospect of a relaxation in international trade. The strength of prices "is probably related to the idea that Mexico, which has already expressed its willingness to reach an early agreement on NAFTA, is next on the Washington guest list," he said. declared Mr. Etnner

. The North American Free Trade Agreement between the United States, Mexico and Canada is particularly important for US corn producers since they spend much of their harvest on the neighbor of the United States. South

. The European Union and Donald Trump's government Wednesday, "those who are trading corn in the market are definitely expecting positive results after the Mexican visit," he added.

Wheat, meanwhile, fell more than 6% Wednesday. The price of grain has "increased in recent weeks due to declining production and export capacity in Europe, Canada, Australia and the Black Sea region," said Dewey Strickler, Ag Watch Market Advisors. 19659003] "Although this is good news for the United States, exports seem to be slow to react," he said.