The Observer – Montevideo
The quotes of three of the main grains – Soja, Wheat and Corn – this week drilled important references in the Chicago Stock Exchange, Con markets operating the defensive and much uncertainty due to the outcome of the tariff movement promoted from the United States.
What worries most is China’s lack of interest in American soybeans, and the administration tariff led by Donald Trump of 35% to Canadaan important customer for the US corn market.
The falls of between 3% and 4% drag the values in Uruguay, with the exception of the rapeseed and the winter oilseeds that, although they adjusted, They run through another lane and move to the rhythm of the euro price – which was strengthened again – and the demand for oils.
The soy with an arrow towards the floor
The soy in first position (August) broke the US $ 360 per ton on Wednesday and closed the week at US $ 353.4 per ton with a loss of US $ 13.5, that is 3.7% of the value compared to last Friday.
What China is doing for soybeans
China does not buy in the United States, but in Brazil, where soybeans have a cousin above the value of Chicago that is much higher than usual and during this week, transferred to Uruguay, He came to match the price of Uruguay and Chicago when Uruguayan soybeans usually has a discount compared to the US reference.
“China’s appetite for soybeans is probably weakened during the high marketing season in the United States at the end of this year, since record imports in early 2025 And the warm demand for animal ration producers have raised soy flour stock in the country, ”said the Reuters agency this week.
In an unusual movement, China exported 150,000 tons of soybean oil to India, which is traditionally supplied in Argentina and Brazil, but obtained the product with a discount in China, which reflects excess stock in China and the need to reduce inventories.
A deceleration of Chinese demand could further press Chicago soybeans, with the bearish influence for the prices of the expectations of an excellent American harvest.
The December December contract, also a reference for mallet barley in Uruguay, He crossed US $ 200 per ton and completed the week at US $ 197.3 per ton with a loss of 3.8%.
In Uruguay, barley fell to US $ 197 per ton, The wheat maintained US $ 200 as well as corn and sorghum US $ 155 per ton.
The corn in the United States fell again and the May 2026 reference fell to US $ 172 while short -term contracts adjusted US $ 4 in the week to US $ 153, a 2.5%drop.
Winter crops in Uruguay are in need of luminosity after a start with many rains, Inpaper in potential for the delayed planting dates and the complications in the implementation that required reiembras.
Both wheat and barley face an increasingly complex commercial scenario, with balance margins that are Near the record yields for crops in Uruguay and less favorable productive perspectives than in recent years, which gave good yields.
La Colza although it lost US $ 500 per ton this week with a 10 euros drop in the Matif market in Paris, It keeps the stand out with prices in Uruguay of US $ 496 per ton of rapes and US $ 556 La Carinata.
