05/16/2010

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Rising Prices for Corn and Soybeans Cereal with May delivery traded with improvements of up to $ 3 per ton The upward trend in prices of raw materials in the Chicago Stock Exchange yesterday allowed the improvement of the prices of corn and soybeans available in the local market, where they negotiated a substantial amount of coarse grains. For corn for delivery in May, exporters paid $ 120 per ton at the terminal Timbúes, San Martin, General Lagos and Punta Alvear, $ 3 more than the day before. Merchandise-discharge in June and July was quoted at U.S. $ 122, with a $ 2 pickup. The Bolsa de Comercio de Rosario (BCR) said during the conference were traded about 70,000 tonnes of maize, 100,000 tonnes against the previous day. However, private sources estimated that sales volume ranged between 80,000 and 100,000 tonnes. In the port of Bahia Blanca, where exporters usually complete vessels coming from the terminals located on the Parana River, corn for delivery in May traded at $ 130, while the cereal with discharge in July was quoted at $ 131 . As reported by the Grain Exchange Buenos Aires, the mills paid yesterday $ 450 per ton of corn in Gualeguay, $ 440 in Pilar, and $ 430 in San Antonio de Areco and Salto. The National Bureau of Agricultural Trade Control (ONCCA) yesterday approved ROE Greens for 155,000 tons of maize. Market Term Buenos Aires (Matba), the positions of corn in July and September increased $ 2.50 and ended the conference with adjustments of U.S. 120.50 U.S. dollars and 122. The boards of the Chicago Stock Exchange showed rises of $ 1.38 and from 1.97 on May and July contracts of corn, whose setting is 141.92 and $ 145.27 a tonne. After the Chinese purchase of 115,000 tons of U.S. corn , Confirmed...