At 2:53 pm (Brasília time), this Wednesday (24th), the May contract rose 0.50 points and 0.09% on the Chicago Stock Exchange (CBOT), traded at US$ cents 551.75 / bushel. July advanced 1.25 points and 0.19%, at $ cents 535.50 / bushel. Longer maturities fluctuated between highs and lows.
The main prices continued the bullish bias of the previous day, following the jump of more than 5% in WTI oil on the New York Stock Exchange and an increase of 6.50 in the soybean spot. Advances in vaccination against coronavirus and scientific research on the treatment of the disease also increase market optimism about the recovery of the economy and global demand. In addition, China is expected to make purchases of agricultural products from the United States later this week after another outbreak of African Swine Fever (PSA) in Xinjang. Last week, the Asian country accumulated purchases of 3.876 million tons of American corn.
This text was translated by machine from Brazilian Portuguese.