At 2:49 pm (Brasília time), this Wednesday (10), the March corn contract registered losses of 15.50 points and 2.75% on the Chicago Stock Exchange (CBOT), traded at US$ cents 541.00 / bushel. May was down 15.25 points and 2.74%, at $ cents 539.00 / bushel.
The maturities reflect the cancellation of a sale of 132,000 tonnes of American corn to unknown destinations that would be shipped during the 2020/21 harvest, as exporters reported to the United States Department of Agriculture (USDA). In addition, the favorable climate for crops in South America and concerns about the recovery of the global demand for cereal and other agricultural products in the country still in the midst of COVID-19 also influence the day. Yesterday (09), the world's final inventories were raised by the USDA to 286.53 million tons in February, compared to expectations of 279.30mt and 283.83mt in January.
This text was translated by machine from Brazilian Portuguese.