Review of soybean spot in Argentina: the price of old soybean is equal to that of new soybean
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Last Update: 2008-11-03
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Source: Internet
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Author: User
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Introduction: Argentina's soybean spot price closed flat on Friday, not following the Chicago soybean futures market But the price of new beans rose slightly In Rosario, the main export port, the spot price of soybeans was 500 pesos / ton, the same as the previous trading day Friday's volume ranged from 25000 to 30000 tons Chicago soybean futures hit a five-month high of 628 cents / bushel on Friday, as weather in Brazil's southern soybean region continued to dry and the scale of soybean production continued to shrink In the San Martin area, soybean prices for 2004 / 05, which were delivered in May, were $1 higher than the previous trading day Argentina's new beans will be on the market in more than a month, and the Ministry of agriculture currently forecasts soybean production will be between 36 million tons and 38 million tons The USDA forecast is 39 million tons.
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