At 8:45 am (Brasília time) this Wednesday (30th), corn on the Chicago Stock Exchange (CBOT) in the March contract had a drop of 2.40 points and 0.52%, quoted at US$ cents 463, 60 / bushel. May was down 2.40 points and 0.52%, at cents $ 463.40 / bushel. In the previous session, the March contract rose 9.50 points and 2.08% at CBOT, trading at US$ cents 466.00 / bushel. May was up 9.00 points and 1.97%, at $ cents 466.00 / bushel. The corn market follows soybean futures in this night session at CBOT with a movement to realize profits after highs the day before. The jump accompanied optimism related to the Chinese demand for North American grains. In addition, the strike in Argentina has ended and port work is resuming. On the other hand, support continues with the most optimistic financial with stimulus package in the USA and vaccination around the world. Operators expect the weekly export records that the US Department of Agriculture (USDA) will release tomorrow (31).
This text was translated by machine from Brazilian Portuguese.