Soybean increased 0.5% to US $ 321.51 per tonne

Prices for coarse grains, corn, and soybeans in the Chicago market have rebounded sharply over the past week, and it is estimated that the trend will continue in this line.

of 3.02% for the post until September, US $ 200.81 per tonne; while soy gained 0.52% for the August contract, at a price of US $ 321.51 per tonne.

"This is because the decline in the supply of wheat in the world is causing a grain in general, as long as demand remains constant," says economist Federico di Yenno, of The Rosario Stock Exchange (BCR)

The problems of world wheat production, and to a lesser extent maize, in key countries for world supply has generated a floor for the listing of coarse grains in the world. Argentina "allowing a strong recovery of corn prices and a positive (but lighter) recomposition of soybean prices," added the specialist

At the local level, despite the strong pace of purchase of the industrial sector during the 2017-2018 campaign, the level of soybean processing reported by factories is still dropping sharply to date

The accumulated soybean treatment in the months of April, May and June of the 2017 campaign / 2018 is the lowest in nine years, reaching 10.3 million tonnes (Mt. ), an annual decrease of 17%.

In the same vein, the foreign exchange swap declarations (DJVE) of soybean meal 2017-2018 are far behind other years to this day.

The estimate of export soybean meal for 2017-2018 campaign 25.5 Mt, would indicate a total of 36 million tons of local soy processing.

For its part, the position of the export sector and the industrial sector remains strongly bought according to the expectations of transformation for the rest of the year

On July 18, the two sectors acquired 76% of the soybean harvest, while the high percentage of transactions with fixed prices (30% of total operations) stands out.

maize rose 1.45% for post until September "Maize was able to profit by following mainly the price of wheat, after known production data from the world's leading suppliers: Russia, Ukraine, Europe, among others "

Last week, soybeans rose 2.4% and ended at US $ 319.86. Corn, meanwhile, increased 1.9% to US $ 142.51 over the same period, and wheat grew 2.8% to US $ 194.93.