Corn operates in expressive drop at CBOT

At 2:49 pm (Brasília time), this Wednesday (03), the May contract fell 10.75 points and 1.97% on the Chicago Stock Exchange (CBOT), traded at US$ cents 534.50 / bushel. July was down 9.75 points and 1.83%, at $ cents 523.00 / bushel. Maturities accompany the drop of 12.25 points in the spot of common wheat and 6.25 points in soybeans, in addition to the technical movements of realization of profits after gains the day before the sale of the cereal to Japan. The global demand, also follows in the radar, as there is no significant news of international interest in agricultural products from the United States. China also made no purchases above 100,000 tonnes after the end of the Lunar New Year last Friday (26). In addition, investors follow the climate in South America and the growth of deaths caused by coronavirus in the world, contrary to expectations with vaccination against the disease.

This text was translated by machine from Brazilian Portuguese.