BUENOS AIRES: Argentina's closing soy prices and trends on Thursday:
In the Rosario grains market, soy closed between 2,000 pesos per tonne ($334) and 2,140 pesos per tonne, compared with 2,010 to 2,120 pesos on Wednesday. Traders said strong local demand helped compensate for lower prices in Chicago.
Also in Rosario, soy for May 2014 delivery, which is priced in dollars, fell between $3 and $8 to $292 per tonne.
Soybean futures on the Chicago Board of Trade fell in choppy trading, setting back after the January contract set a six-week high at $13.21-1/2 a bushel on the back of recent sales of US soybeans to China.
In the Argentine port of Quequen, soy fell 20 pesos to 1,880 pesos per tonne, while in Bahia Blanca prices fell by 30 pesos to 1,900 per tonne.
Argentine farmers had planted 21.8 percent of expected soybean area as of Thursday, in line with a year earlier, after recent rains improved seeding conditions, the Buenos Aires Grains Exchange said in its weekly crop report.
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