Chicago closed flat

Introduction: Argentina's soybean spot price closed flat on Monday, as the Chicago futures market closed on Monday, leaving Argentina's soybean market out of guidance In Rosario, the main export port, spot soybean prices were 445 pesos / ton, the same as Friday Volume was 14000 tonnes, down from 20000 tonnes on Friday As Monday is the president's day in the United States, the futures market is closed for one day The Chicago Board of trade will resume trading on Tuesday In the San Martin region, the price of soybeans delivered in May for 2004 / 05 was US $148 / ton, which was also the same as the previous trading day, but the price of new soybeans in other regions varied from flat to US $1 drop Volume was 6000 to 7000 tons, down from 20000 to 25000 tons last Friday According to the data of the Argentine exchange, 99.7% of the soybean planting in Argentina has been completed Argentina's Ministry of agriculture currently forecasts soybean production to be between 36 million tons and 38 million tons The USDA forecast is 39 million tons Argentina is the third largest soybean producer and exporter in the world, and also the largest exporter of soybean meal and soybean oil