At 2:51 pm (Brasília time), this Wednesday (17th), the May contract rose 2.25 points and 0.41% Chicago Stock Exchange (CBOT), traded at US$ cents 556.50 / bushel. While July was down 0.25 point and 0.05%, at $ cents 541.50 / bushel. Longer maturities registered losses. The first contract followed news from the United States Department of Agriculture (USDA) that China made a purchase of 1.244 million tonnes of US corn for the 2020/21 harvest. Yesterday (17), the Asian country made a purchase of 1.156mt of cereal from the same harvest. In a negative aspect, the market remains concerned about the new coronavirus strain in California and the growth of contamination and deaths in Brazil and European countries, which should further harm the respective economies. In addition, the weather in South America and the USA is also on the radar. The harvest of summer corn in Brazil increased to 57.1% in the last week, compared to the average of the last five years of 45.8%, according to data pointed out by DATAGRO Consultoria the day before.
This text was translated by machine from Brazilian Portuguese.