Markets

Argentina soy prices close lower on CBOT losses

BUENOS AIRES: Argentina's closing soy prices and trends on Thursday: * Soy prices in Rosario closed lower at 1,350 peso

Published February 16, 2012 Updated February 16, 2012 08:17pm

1 min

By Abdul Ahad

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* Soy prices in Rosario closed lower at 1,350 pesos per tonne ($310), mirroring losses at the benchmark Chicago futures market, traders said. Soy traded at 1,367.5 pesos on Wednesday.

* Trade volume fell to 3,000 tonnes from 5,000 tonnes in the prior session.

* Soybean futures on the Chicago Board of Trade closed lower on Thursday, halting a four-day rally on technical selling including profit-taking after the market set a near four-month high this week, traders said.

* In Rosario, soybeans for May delivery, priced in US dollars, closed flat at $305 per tonne.

* In the southern port of Bahia Blanca, the oilseed shed 10 pesos to end at 1,120 pesos per tonne.

Following is a list of grains and oilseed prices in Argentina's main ports. Values from the previous session are in parentheses. All figures listed are in pesos per tonne.

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