At the close at 4:30 pm (Brasília time), this Wednesday (10), the May contract fell 11.75 points and 2.15% on the Chicago Stock Exchange (CBOT), traded at US$ cents 534.00 / bushel . July fell 10.50 points and 1.96% to $ cents 534.25 / bushel. The day was pressured by the absence of international purchases of over 100 thousand tons for agricultural products from the United States, mainly from China, increasing fears about the recovery of the economy amid the coronavirus. In addition to the devaluation of 30.25 points in the soybean spot and 4.00 points in the common wheat spot and climate monitoring in South America. Yesterday (09), the US Department of Agriculture (USDA) reported that its estimates for the final stocks of North American corn 2020/21 remained at 38.15 million tonnes, as in the previous report, but above experts' expectations of 37.09mt. In the world, they stood at 287.67 million tons, compared to a projection of 284.50m tonnes.
This text was translated by machine from Brazilian Portuguese.