Rosario grain trading showed firm maize demand alongside retreating wheat values as regional markets reflected a downward trend in Chicago, where Chicago wheat stood at US$ 174.21 compared to the previous US$ 176.37 and the prior year’s US$ 171.35 for November, while November A3 registered US$ 355.00 against US$ 356.00 the day before and US$ 346.50 a year earlier.
Soybean reference prices dropped $5,000/t to settle at $540,000/t for delivery, fixing, and November and December positions, though the official SIO-Granos page recorded specific deals around $545,000/t for contractual delivery Bolsa de Comercio de Rosario, alongside previous figures showing Chicago soybean at US$ 447.91 against US$ 452.23 previously and US$ 416.59 a year ago.
The local physical grain market kept coarse grains at the forefront of activity. Soybean open references decreased between sessions, aligning with Wednesday’s levels, while November and December positions remained restricted to merchandise under EPA/EUDR conditions. Meanwhile, maize displayed stronger commercial behavior in specific delivery segments, and sorghum saw the return of open purchasing conditions exclusively for deferred deliveries.
Chicago wrapped up the day with a bearish balance across commodities. Wheat dropped under pressure from a strengthening dollar that hit a one-and-a-half-year high. Maize finished in negative territory due to the firm US currency, a slow pace of external sales, and favorable weather conditions in South America.
Soybean followed the general downward direction driven by profit-taking, technical sales, dollar pressure, and positive South American production prospects, although Chinese purchases of US soybeans limited further losses.
Sunflower activity remained stable without major updates, holding at US$ 440/t for delivery between December 15 and January 15 and for the December-to-May stretch, while High Oleic sunflower held at US$ 460/t for December and February. Wheat demand presented open purchasing conditions oscillating between stability and declines, yielding a discrete trading volume.
Best proposals for merchandise with discharge stood at US$ 190/t restricted to Chamber Condition wheat for delivery starting on the 16th, with December at US$ 190/t, January at US$ 200/t, and February and March at US$ 205/t. Differential qualities for wheat with a minimum 11% protein held at US$ 210/t for available delivery and full November, while the 10.5% minimum protein condition stayed at US$ 205/t.
The Banco Nación exchange rate stood at 1536.5000 / 1545.5000, up 0.10% from the prior close, while the BCRA Communication A3500 reference exchange rate closed at 1544.4320, down 0.22% from the previous day.
A3 Mercados trading volume in dollar futures and options reached 1,444,846 contracts, and open interest accumulated 3,812,441 lots, with monitor data accessible via the SIO-Granos monitor, alongside DLR contract settlements for November 2006 at 1564.500, December 2006 at 1595.000, January 2007 at 1625.500, February 2007 at 1655.500, March 2007 at 1689.500, April 2007 at 1722.000, May 2007 at 1756.000, June 2007 at 1789.000, July 2007 at 1825.000, and August 2007 at 1865.000, accompanied by earlier comparative figures reflecting past CAC readings of $275,000, $274,300, and $254,150, alongside previous historical comparisons of $545,000, $540,000, and $480,000 for Rosario transactions and $299,500, $299,620, and $253,425 for prior sessions.
