At 3:49 pm (Brasília time), this Friday (19th), the March contract fell 6.75 points and 1.23% on the Chicago Stock Exchange (CBOT), traded at US$ cents 543.50 / bushel. May was down 5.75 points and 1.05% at $ cents 543.25 / bushel. Losing maturities follow the downward bias of the previous day, also following the estimates of increase in the 2021/22 crop and in the United States stocks, despite the expectation of improvement in global demand. The US Department of Agriculture (USDA) presented a projection of 384.43 million tonnes of cereal at the Agricultural Outlook Forum and 39.42mt of final stocks, compared to 38.15mt of the 2020/21 harvest. In addition, the devaluation in soybeans and uncertainties about the US supply even more limited by the intense cold in the country's Midwest crops also had repercussions. In neutrality, the export records for 2020/21 maize totaled 999 thousand tons until February 11, well above the week average of 250 thousand tons, but within the expected between 800 thousand tons and 1.2 million tons.
This text was translated by machine from Brazilian Portuguese.