Soybean producers marketed more than 600,000 tons and thus accumulated almost 9.5 million in eleven days, since the Export Increase Program came into force on Monday, September 5, which implements an exchange rate of $200 per dollar for oilseed exports until next September 30.
The measure was agreed upon with the main exporting complexes, which they promised to liquidate soybeans and derivatives for at least US$ 5,000 million.
According to figures from the Buenos Aires Cereals Exchange, 600,607 tons of soybeans were sold yesterday, with which since Monday 5 they total 9,439,702 tons.
The new contracts
The new purchase and sale contracts concluded in pesos on Monday and on previous dates but recorded on the first day of the week totaled 365,157 tons, and the average value of these deals was $69,653 per unit of weight.
On the other hand, the fixations of operations arranged prior to Monday for 159,689 tons were also highlighted, reaching an average value of $69,397.
In relation to business agreed in dollars, soybean sales contracts registered an average value of US$ 396.03 for a volume of 7,227 tons; while fixings for 11,747 tons were recorded at an average value of US$ 354.
The Central Bank closed the day on Monday with purchases for US$ 211 million, and accumulated US$ 2,350 million in the last ten days after the implementation of the special exchange rate for soybean exports.
