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According to data from SIO Grains, around 12 million tons (Mt) of 2022/23 soybeans have been traded between purchases for industry and exports, 11 million less than the previous season and 17 million below the average of the last five years. However, taking into account the decrease in production, total purchases of the grain reached 60% of production, 6% more than the previous season and in line with the average of the last five years.
Final soybean contracts and sales from January to August of this year amounted to just over 20 Mt, a drop of 44% with respect to the previous year and 50% less than the average of the last 6 years.
September 8, 2023/ Rosario Stock Exchange/ Argentina.
https://www.bcr.com.ar
