Corn drops more than 2% on Wednesday at CBOT

At 2:45 pm (Brasília time), this Wednesday (20th), the March corn contract lost 11.25 points and 2.14% on the Chicago Stock Exchange (CBOT), traded at US$ 514.75 / bushel . May was down 11.50 points and 2.18%, at $ cents 516.75 / bushel. Maturities remain reflecting the losses from the previous day, a drop of 31.75 points in the soybean spot and 14.50 points in common wheat. In addition, there is pressure for the favorable climate for the development of grain crops located in South America. The market also feels a lack of significant news about global demand, mainly North American and Chinese, despite expectations about vaccination of the coronavirus.

This text was translated by machine from Brazilian Portuguese.