At the close of Monday (07), at 17.05 (Brasília time), the January contract for corn quoted on the Brazilian Stock Exchange (B3) sank 2.64% and was traded at R$ 68.02 / bag ( in the previous trading session it closed at R$ 69.87 / bag). While March registered losses of 2.57%, at R$ 68.95 / bag (about R$ 70.77 / bag).
The session echoed the report of the Foreign Trade Secretariat (Secex), of the Ministry of Economy, which pointed out this afternoon that shipments of cereal from Brazil reached 1.144 million tons in the week ended on December 4th. The result was 18% below the 1,400 million tonnes in the previous week, but 189% above the weekly average of 161,600 t. In addition, the bearish movement of last week, a fall in the exchange rate and soybean on the Chicago Stock Exchange also had repercussions. Despite gains in corn and common wheat. Attention also to the forecast of the National Institute of Meteorology (Inmet) of voluminous rains in areas of the South, Southeast and part of the North of Brazil for the next days, favoring the development of the summer harvest.
This text was translated by machine from Brazilian Portuguese.