World Perspectives
feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Soybeans Argentina It was a quiet week in the soybean market. There are still players with long positions who are offering their final cargoes of what is apparently a very short campaign. After the last trade reported at +66N for April, offers remained at +72N for April and May with +75N for June, but demand has been absent so far. It seems there are no short positions in the Argentine FOB market for the moment, so demand will only reappear when Argentina becomes competitive against Brazil and the Pacific Northwest (PNW). Meanwhile, Argentina can sell cargoes at the CNF market for May, June or July at around +175N. This level is not very competitive, though, considering that Brazil can sell June at +177N and July +185N. That country&rsqu...

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