Argentina: local soybean prices finally jump

22.02.2018

The Rosario Board of Trade informed that the prices of soybeans have improved domestically in Argentina. The spot deals quoted at US$ 303.9 per metric ton, which means US$ 2.50 more than yesterday and marks a bullish trend from the last few days amid the drought in the country.

In the year, there was an increase of 27% since February for the soybean prices. For analysts at the Rosario Board of Trade, the quotes explain the unwillingness of producers to sell the good, pressure from international demand as the problems with the harvest are confirmed.


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