Rumors About Price Watching Appearing

Argentina, a leading soybean oil exporter, allowed the peso to fall more than 50% to 801 per dollar on Wednesday. Traders are also monitoring crop weather in Argentina, where farmers are making good progress in planting soybeans and corn following recent abundant rains. 5.991 million short tons or 199.7 million bushels in November. France’s CNM tax imposes a tax on music services that generate more than 20 million euros ($21.9 million) in revenue in the country: Spotify, Apple Music and Deezer. On Tuesday, online real estate portal Fotocasa said interest in buying a home had surpassed pre-pandemic levels and that the reduction in supply over the past year would make it even more difficult to reach equilibrium quickly. The attacks are disrupting maritime trade through the Suez Canal, a key route connecting Europe to Asia and the Middle East, and causing delays and price increases for consumers. Soybean oil futures on the Chicago Mercantile Exchange rose 0.6 percent after losing 2.5 percent in the previous two sessions. Agricultural trade consultancy StoneX lowered its forecast for Brazil’s crop from 161.9 million tonnes to 152.8 million metric tons. Diaz said the increase in prices was also due to the profile of new home buyers, who are less indebted and less sensitive to interest rates and price increases.

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