BUENOS AIRES, Nov 27 (Reuters) -
Argentina's closing soy prices and trends on Tuesday:
- Soy prices in the main grains port of Rosario rose to between 1,910 pesos and 1,950 pesos ($396/$404) per tonne, mirroring gains in the benchmark Chicago futures market, traders said. Trade was scant because supplies are low.
- Prices closed at 1,900 pesos per tonne in the previous session.
- Chicago Board of Trade soybean futures rose 1.7 percent on Tuesday, their biggest daily gain in a month, on technical buying and fears that South American production might fall short of initial expectations, traders said.
- Rains that swept through Argentina last week replenished moisture levels for young corn and soy plants in the main crop belt, but other areas remain under water despite some drier weather, a meteorologist said on Tuesday.
- In Rosario, soy for delivery in May 2013, which is quoted in U.S. dollars, closed up $5 to end at $315 per tonne.
- In the port of Quequen, soy traded at 1,700 pesos per
tonne.
