Argentine soy ends lower on slack local demand

BUENOS AIRES: Argentina's closing soy prices and trends on Wednesday:

* Soy prices in Rosario ended lower on Wednesday as buyers rejected prices driven higher by bullish Chicago trade. Prices in Rosario, Argentina's main soy hub, ended at between 1,350 and 1,360 pesos per tonne ($310-$312) versus 1,380 pesos in the prior session.

* Volume fell to practically nil from 13,000 tonnes on Tuesday.

* Soybean futures on the Chicago Board of Trade extended their rally to eight days on Wednesday, setting a five-month peak on export demand for US soybeans from top buyer China and fund-driven buying, traders said.

* In Rosario, soybeans for May delivery, priced in US dollars, closed at $312.

* In the port of Bahia Blanco, soy was trading at 1,210 pesos per tonne.