At 2:52 pm (Brasília time), this Thursday (18th), the May contract fell 8 points and 1.43% Chicago Stock Exchange (CBOT), traded at US$ 550 cents / bushel. While July registered a drop of 8.75 points and 1.61%, at $ cents 533.75 / bushel. The corn market receives pressure from the devaluation of 17.25 points in the soybean spot, 6.75 points in common wheat and climate monitoring in South America. In addition to information from the United States Department of Agriculture (USDA, in English) ) that corn export records for the country 2021/22 reached 241 thousand tonnes in the week of March 11, 81.2% below the expected weekly average of 1.284 million tonnes. Although in the 2020/21 harvest, there were 986 thousand tons, well above the weekly average of 213 thousand tons. Of the total, 625 were destined for China, compared to 8,000 t last week. The USDA also reported that the Chinese today purchased 696,000 t of U.S. 2020/21 cereal, accumulating 3.076m t acquired this week.
This text was translated by machine from Brazilian Portuguese.