At the close at 4:30 pm (Brasília time), this Wednesday (31), the May contract registered a strong increase of 25 points and 4.64% on the Chicago Stock Exchange (CBOT), traded at US$ cents 564.25 / bushel. July rose 25 points and 4.78%, to $ cents 547.50 / bushel. Maturities were motivated by the sharp jump of 70 points in soy, 16 points in common wheat and 2.46 points in soy oil also traded on CBOT. In addition, the United States Department of Agriculture (USDA) reported today in its planting intention report, or Prospective Plantings, that the country's 2020/21 maize area has been estimated at 36.89 million hectares, below the experts' expectation of 37.70 million hectares. Attention should also be paid to advances in vaccine studies regarding coronavirus and the influence of technical movements to adjust positions. Yesterday (30), the USDA reported a sale of 100,800 tons of corn from the US 2020/21 to unknown destinations.
This text was translated by machine from Brazilian Portuguese.