At the close at 4:30 pm (Brasília time), this Thursday (18th), the May contract registered a sharp drop of 25.50 points and 1.80% on the Chicago Stock Exchange (CBOT), traded at US$ cents 1392.25 / bushel. July also retreated 25.50 points and 1.81%, at $ cents 1380.50 / bushel. Maturities were strongly pressured by WTI oil, which sank 8.54% on the New York Stock Exchange due to the uncertainty with the global economic recovery with the increase in cases and deaths caused by the coronavirus. France, Spain, Germany, Italy and six other European countries have suspended vaccination against the coronavirus at the University of Oxford and the pharmaceutical company AstraZeneca. In addition, the United States Department of Agriculture (USDA) reported today that there were no export records for the country's 2021/22 oilseeds in the week ending March 11. In the 2020/21 harvest, 202 thousand tons were registered, above the weekly average of 23 thousand tons. Of the total, only 72 thousand tons destined for China, compared to 90 thousand tons in the previous week The market also misses purchases of more than 100 thousand tons of North American oil by the Chinese, although it has already acquired more than 3 million tons of corn 2020/21 this week. The United States climate with the proximity of the beginning of planting and a favorable climate for work in South America were also felt.
This text was translated by machine from Brazilian Portuguese.