Industry

Soybean and corn sales rose by 5 million tons in the first week of May compared to the same period in 2019

There are 30 million tons of soybeans and corn sold up to the first week of May against 25 million in the same period in 2019. Producers accelerated sales due to fears of a rise in retentions, something that finally did the current government by increasing first from 24.7% to 30% retentions on soybeans and then to 33%. Worrying is the downward trend in the price of corn because it will impact the decision of the next planting.

Source: La Nación

Categories: Industry