Time has lowered corn, wheat and soybean prices in Chicago

Prices for corn, wheat and soybeans fell sharply on Wednesday, after weather forecast expected favorable conditions for harvest in the coming days.

"Investors believe that climate change in recent weeks will continue," said Don Roose of US Commodities. "They are convinced that the harvests will be better than expected," he added.

It is that the weather map predicts rains in several areas of the Midwest (the United States grain barn) until early next week at least.

On the other hand, market players wait for the next report on world supply and demand for agricultural products (Wasde), which will be proposed August 12 and in which the US authorities will reveal the results of a new survey of producers on areas devoted to different crops.

Cereal prices they have also been affected by the lack of concrete progress in trade negotiations between the United States and China Wednesday in Shanghai, that is why Donald Trump has formulated strong criticism.

The bushel of corn (about 25 kilos) to be delivered in December is the most traded, and closed Wednesday at 4,100 dollars, against 4,200 Tuesday (a decrease of -2.61%).

For its part, the bushel of wheat for delivery in September closed its price at $ 4.8725, against 4.972525 Tuesday (-2.01%). While the bushel of soybeans to be delivered in November fell to $ 8.8150, it was 8.9675% at the previous close (down 1.70%).