At 14h 54 (Brasília time), this Tuesday (26th), the March corn contract jumped 17.00 points and 3.32% on the Chicago Stock Exchange (CBOT), traded at US$ 528.50 / bushel . May was up 16.50 points and 3.21% at $ 530.75 / bushel. The session positively accompanies the news that China made a purchase of 1.360 million tons of the United States cereal for the 2020/21 harvest, according to an announcement by the US Department of Agriculture (USDA). Another sale of 102,800 t was reported to undisclosed destinations with shipments during the same season. As a result, market expectations about coronavirus vaccination and recovery of global demand for North American agricultural products are increasing, despite the favorable climate monitoring for crops located in South America.
This text was translated by machine from Brazilian Portuguese.