Corn closes Friday with more than 2% rise in CBOT

Closing at 16:30 (Brasília time), this Friday (29), the March contract jumped 12.50 points and 2.34% on the Chicago Stock Exchange (CBOT), traded at US$ cents 547.00 / bushel . May advanced 11.25 points and 2.10%, at $ cents 547.50 / bushel. The last session of the week was marked by signs of recovery in global demand still in the middle of the coronavirus pandemic, despite the forecast of continued favorable weather for crops in South America. The United States Department of Agriculture (USDA) ) reported earlier that a purchase of 2.108 million tonnes of maize 2020/21 was made for China. Yesterday (28), the country bought 1.7 million tons of the same harvest and 213.6 thousand tons went to undisclosed destinations. In addition to the gains of 16.75 points in the soy spot contract and 15.00 points in common wheat, which were also felt.

This text was translated by machine from Brazilian Portuguese.