Soybeans above $500 triggered producer sales

While the local harvest has risen to $21 billion with the international price at $502.7, so has the availability of merchandise, which is why during the last week of 2020, strongly reactivated sales by producers, and could generate a more significant income of foreign currency during the first part of this year. The domestic market pays over $340 for available grain, and in terms of anticipated sales of 2021 harvest soybeans, 12% has been sold to date, equivalent to 5.5 million tons.

Source: Ámbito