At 2:49 pm (Brasília time), this Monday (08), the March corn contract registered gains of 14.75 points and 2.69% on the Chicago Stock Exchange (CBOT), traded at US$ cents 563.25 / bushel. May was up 13.75 points and 2.51% at $ cents 561.25 / bushel. The United States Department of Agriculture (USDA) reported today that shipments of US corn totaled 1.577 million tonnes in the week ended February 4, 5.5% above the weekly average of 1.494 million tonnes. t projected to total the 2020/21 harvest. In addition, investors are waiting for news of global demand for agricultural products from the United States after recent signs of economic recovery and advancing coronavirus vaccination. Despite this, there is a certain pressure coming from the predominantly favorable climate for crops in South America and completion of planting in Argentina.
This text was translated by machine from Brazilian Portuguese.