At 4:01 pm (Brasília time) this Monday (11th), corn quoted on the Brazilian Stock Exchange rose 1.12 points and 1.31% in the March contract, negotiated at R$ 86.76 / bag. While May advanced 0.91 points and 1.12%, at R$ 82.01 / bag. The session follows the upward movement of the past few days and gains in the exchange rate. In addition, the Ministry of Economy's Foreign Trade Secretariat (Secex) reported today that shipments of Brazilian cereal totaled 641,300 tonnes shipped in the week of January 8. The report is considered positive for maturities as the volume was 379% above the projected weekly average of 133,900 t. Negatively, the National Meteorological Institute (Imnet) forecasts massive rainfall for most of Brazil over the next few days, which should favor crop development.
This text was translated by machine from Brazilian Portuguese.