Soybean holds steady in Rosario despite Chicago decline

Soybean prices in the Argentine market closed unchanged on Monday in Rosario.

The price in pesos of the oilseed operated stable in the available segment and closed at 465,000 pesos per ton.

Externally, the main grains had a negative session at the Chicago market.

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Realistic illustration of stable dólar blue exchange in Argentina featuring the Central Bank and currency symbols.
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Dólar blue closed stable on Friday May 29

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The dólar blue ended Friday May 29 without changes in Argentina, while the Central Bank bought foreign currency and international reserves declined.

The oilseed recorded a $5,000 rise in the available segment of the Argentine market.

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Argentine ADRs closed mostly higher on Monday in New York, while the S&P Merval index rose 4%. Oil prices topped US$110 per barrel amid rising tensions in the Persian Gulf, following Friday's declines.

Argentine stocks and bonds closed lower on Friday, June 5, ending an upward streak. Country risk rose to 494 basis points according to JPMorgan.

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Autoconvoked grain truckers have parked their trucks along roadsides in several Argentine provinces, halting the harvest flow to ports like Quequén and Bahía Blanca. Triggered by gasoil price hikes, the protest has caused estimated losses of US$ 100 million over four days. Agroindustry groups urge an urgent resolution.

The government has enabled higher ethanol blends in gasoline, sparking a debate in the agricultural sector over increased production, investments, and reduced import dependence. In San Francisco, Córdoba, a station for the state fleet was opened to boost biofuel use.

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Argentina's country risk index, measured by JP Morgan, closed at 549 basis points on Thursday, April 23, 2026, up 14 units. Local markets fell in line with Wall Street volatility and US-Iran geopolitical tensions. Sovereign bonds dropped an average of 0.7%.

 

 

 

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