At 2:50 pm (Brasília time), this Friday (11th), the March contract fell 0.75 points and 0.14% on the Chicago Stock Exchange (CBOT), traded at US$ cents 540.25 / bushel. May rose 1.75 points and 0.32 points, at $ cents 538.50 / bushel. Maturities are pressured by the technical movements of profit realization after gains the day before and this morning with the new report of daily sale of the cereal. According to the US Department of Agriculture (USDA), Guatemala today purchased 115.577 thousand tons of the cereal and Costa Rica, 195.338 thousand tons (being 135.644 thousand tons from the 2020/21 harvest and 59.694 thousand tons in 2021/22 ). Negatively, the market fears that Chinese demand will be severely reduced with the celebration of the Lunar New Year between today and February 26, in addition to the lack of significant signs about the recovery of the global economy still in the midst of the coronavirus pandemic. The favorable climate for crops in South America is also on the radar.
This text was translated by machine from Brazilian Portuguese.