At the close of Monday (14), at 16 h 58 (Brasília time), the January contract for corn quoted on the Brazilian Stock Exchange (B3) jumped 2.56% and was traded at R$ 76.04 / bag ( in the previous trading session it closed at R$ 74.14 / bag). While March registered a gain of 3.03%, at R$ 76.36 / bag (over R$ 74.11 / bag). The day was strongly motivated by weekly cereal shipments in Brazil, which totaled 1.12 million tons in the week of December 11th. According to the Foreign Trade Secretariat (Secex), of the Ministry of Economy, the volume was about 306% above the weekly average of 275.2 thousand t to total the estimates. The significant appreciation in the exchange rate, in soybeans and corn on the Chicago Stock Exchange (CBOT) also had repercussions, despite the drop in common wheat. In a negative aspect, the weather forecasts of the National Institute of Meteorology (Inmet) of rains for areas of Central Brazil are still on the radar, as they should favor the development of the harvest.
This text was translated by machine from Brazilian Portuguese.