At 2:55 pm (Brasília time), this Monday (29th), the May contract retreated 6.50 points and 1.18% on the Chicago Stock Exchange (CBOT), traded at US$ cents 545.75 / bushel. July was down 5.50 points and 1.02%, at $ cents 530.25 / bushel. The cereal continues on the negative side, lacking significant news about the global demand for corn in the United States amid vaccination against the coronavirus. In addition to concerns that China will no longer make purchases of corn for the next few days, after acquiring 3,891 million tons of the 2020/21 harvest. Attention also to the Brazilian harvest, climate in South America and losses of more than 3 points in the soy spot at CBOT. On the other hand, the United States Department of Agriculture (USDA) reported today that shipments of corn from the country totaled 1.695 million tonnes in the week ended March 25, 20.6% above the weekly average of 1.405 mi of t projected for the 2020/21 harvest.
This text was translated by machine from Brazilian Portuguese.