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14/11/2017 0:00 - Agricultural Commodities Market
USDA paints CBOT futures and Rosario cash market prices red

At the Rosario cash grain market, soybean prices have followed Chicago prices closely. In the past few weeks, soybean prices had been supported by expectations of lower yields in the US. However, after a bearish USDA supply and demand report was published, bids for cash soybean in the local market fell from ARS 4,465 to ARS 4,410

The current bearish trend in local market prices has kept farmers reluctant to selling their soybeans, with producers asking around ARS 4,500 as a price point that could activate sales. This lack of disposition from farmers to liquidate their stocks results in ever-growing inventory in a country that routinely takes the top spot for such statistic. As of the latest observation, total purchases as a percentage of estimated production stood at 69% for the current marketing year, while last year this number was four percentage points higher. In addition, just 33 million tons (less than 60% of total production) have received price settlements.


Brazil, in contrast to the local situation, has reached new soybean export records for the current year, with a total of 62.4 million tons being shipped, which represents a 30% increase over the past two years. 75% of those exports were headed to China. According to market sources, Brazilian soybean exports for 2017 could well reach 65 million tons, about 16 million tons more than in the last two seasons.


 Institutional video

Institutional Video of the Bolsa de Comercio of Rosario (Rosario Board of Trade)

 Rosario Board of Trade

The Rosario Board of Trade is a centennial institution located in Rosario, in the most important agroindustrial zone of Argentina. Throughout its history it has created and boosted transparent, solid and reliable markets: the Grains Physical Market, the Futures Market, the Capital Market, and the Livestock Market.

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Bolsa de Comercio de Rosario Córdoba 1402 - S2000AWV
TE: (54 341) 5258300 / 4102600
Rosario - Santa Fe - Argentina

Oficina Buenos Aires Reconquista 458 piso 7° - C1003ABJ - Cdad. de Buenos Aires.
Tel: (54 - 011) 43280390/1484 43939391/9649- Fax: (54 - 011) 43939649