At the close at 4:30 pm (Brasília time), this Wednesday (24th), the May contract advanced 2.00 points and 0.36% on the Chicago Stock Exchange (CBOT), traded at US$ cents 553.25 / bushel . July rose 3.00 points and 0.56%, to $ cents 557.25 / bushel.
The cereal market continued the gains of the previous day, following the jump of more than 5% in WTI oil on the New York Stock Exchange and a 9.50 increase in the soybean spot. In addition, there is optimism about the signs of economic recovery in the eurozone and advances in vaccination against the coronavirus, despite fears about the continued spread. The market also expects China to make purchases of agricultural products from the United States later this week. Last week, the Asian country accumulated purchases of 3.876 million tons of American corn. Tomorrow (25), the United States Department of Agriculture (USDA, in English) will update its country's export registration bulletin for the past week.
This text was translated by machine from Brazilian Portuguese.