US climate improvement has lowered soybean and corn prices

Soybeans and corn are down this Friday on the Chicago Stock Exchange when the rains stop in the United States while wheat rebounded slightly.

"Weather situation they were more favorable to plant, "said badysts of the company CHS Hedging, according to AFP.

Seedlings of these grains have been neutral for several weeks due to intense storms in the production areas. Now that the sun is back, the humidity has decreased and the farmers They are trying to make up for lost time.

Wheat, meanwhile, continued its ascendant career influenced by the highest temperatures and the lowest humidity in US agricultural regions such as Russia, which has allowed prices to stabilize.

At the same time, US wheat exports exceeded last week's estimate and This has given value to cereals. The bushel (about 25 kilos) of corn for delivery in July closed Friday at 4.1575 dollars against 4.2700 dollars last week (-2.64%).

For its part, the measure of wheat to be delivered in July finished last month at 5.50450 dollars, against 50 000 dollars last Friday (+ 0.30%); soybeans, for the month of July also, finished at 8.5525 USD against 8.7775 USD a week ago (-2.45%).