With volatility the order of the day, corn and soybean prices improved this week

The grain market has seen significant volatility and price increases due to a combination of factors, including a report from the USDA reducing production estimates, adverse weather conditions in South America, and the upcoming presidency of Donald Trump. Soybeans and corn prices have surged, with soybeans reaching US$384 per ton and corn US$194, driven by concerns over production and a limited global supply. The unpredictable weather in Argentina and Brazil, hedge fund movements, and the holiday in the United States on Monday are all contributing to the market's dynamics and the uncertainty in future prices. Producers are urged to stay informed, be prepared to make quick decisions, and utilize hedging tools to mitigate risks.

The grain market closes a week marked by high volatility and a notable rise in prices. In Chicago, soybeans closed this Friday at US$384 per ton, after reaching US$371 on Thursday of last week. In the case of corn, it went from US$179 to US$194 in the same days. This increase was based on the report from the United States Department of Agriculture (USDA) published last Friday, which cut estimates of soybean and corn production, impacting the markets. Added to this were the adverse weather conditions in South America, where drought and high temperatures further complicated the outlook. During the week, increases on some days exceeded US$20 per ton, reflecting a strong sensitivity in the markets to changes in weather conditions and production projections. In dialogue with LA NACION, specialists analyzed the weekly close and outlined their perspectives for the coming days. They agree that the agricultural market is going through high volatility driven by climatic, economic and ...