At 3:04 pm (Brasília time), this Tuesday (2nd), the March corn contract lost 6.75 points and 1.23% on the Chicago Stock Exchange (CBOT), traded at US$ cents 542.50 / bushel . May was down 6.25 points and 1.14% at $ cents 542.25 / bushel. Maturities reflect the technical movement of profit realization after losses the day before and shipments of the United States cereal in the last week 26% below the weekly average. In addition, the market is attentive to the low North American supply, South American climate and coronavirus vaccination still considered slow. The devaluation of 20 points in the soybean spot and 8 points in common wheat also had an impact on the day. Despite this, the United States Department of Agriculture (USDA) earlier reported a sale of 115,000 tonnes of cereal from the 2020/21 crop country to Mexico. Yesterday (01), the Mexicans and the Japanese made purchases of 125.730 thousand t and 110 thousand t of the cereal, respectively.
This text was translated by machine from Brazilian Portuguese.