At 2:53 pm (Brasília time), this Wednesday (27th), the March corn contract advanced 1.25 point and 0.23% on the Chicago Stock Exchange (CBOT), traded at US$ cents 533.50 / bushel . May was up 1.00 points and 0.19%, at $ cents 534.75 / bushel. The session follows the news that China made a purchase today of 680 thousand tons of the United States cereal for the 2020/21 harvest, in addition to other soybeans, as announced by the US Department of Agriculture (USDA) . The day before, the country bought 1.360mt of the same season. There are also expectations about the vaccination of the coronavirus for the recovery of the global economy and influence gains of 5.00 points in the soy spot contract, despite the drop of 8.75 points in the spot of common wheat. Although, the market continues to follow the favorable climate for the development of crops in the main crops located in South America.
This text was translated by machine from Brazilian Portuguese.