BUENOS AIRES: Argentina’s closing soy prices and trends on Wednesday:
* Soy prices in Rosario closed up for the fifth straight session, at between 1,190 and 1,230 pesos per tonne ($277-$287) versus 1,218 pesos in the prior session boosted by gains at the Chicago market, traders said.
* Trade volume rose to 9,000 tonnes from 5,000 tonnes on Tuesday.
* US soybean futures on the Chicago Board of Trade closed higher for a fifth day, touching a one-month top as traders covered short positions and fretted over dry weather in South American crop regions.
* Much-needed rain fell over Argentina’s farming belt on Tuesday and showers are also expected on Wednesday offering relief from dry conditions, although they will not be enough to normalize moisture levels, a metereologist said.
* In Rosario, soybeans for May 2012 delivery, priced in US dollars, closed at $275-$278 per tonne from $270 per tonne a day earlier.
Following is a list of grains of oilseed prices in Argentina’s main ports. Values from the previous session are in parentheses. All figures listed are in pesos per tonne.
Source: brecorder.com