During the past week, soybean price in the spot market increased by US$ 2.5/t. The price published by the Arbitration Chamber at Rosario Board of Trade on Thursday 17 was ARS 9,300/t (≈ US$ 248/t). At MATba (Buenos Aires Futures Market), soybeans price to harvest had a slight US$ 0.5/t rebound on Thursday 17, adjusting at US$ 240.8/t. As for export prices, very little variation was observed in the last 5 days. The value published on Thursday 17 by the Secretariat of Agribusiness was US$ 345/t, only US$ 1/t below last week's value. Price variation in Brazil and the United States was also very limited during the week. According to Secretariat of Agribusiness data, the entire 2017/18 soybean crop has already been traded, that is 35 Mt. Only 5 Mt of this total are pending-price contracts. Regarding 2019/20 new crop, the pace of business is far behind last cycle as export sector only closed forwards for a little more than 600,000 tons. Current commercial rhythm is considered atypical; as last year, this figure exceeded 3 Mt and the 5-year average is 2 Mt. The industrial sector, has acquired 3.36 Mt, a value slightly lower the 2017/18 cycle but above the 5-year average.
Corn price at Rosario Board of Trade spot market closed on Thursday at ARS 5,560, unchanged from previous week's price. Measured in dollars, it dropped by a little over US$ 2/t. MATba January future closed at US$ 148.5/t, falling by US$ 1/t, and MATba April and July adjusted at US$ 143.8/t and US$ 140.5/t respectively, recording falls of US$ 0.2/t and US$ 0.3/t. As for trading activity in the local corn market, the pace of business is very similar to the past cycles.