At the close at 4:30 pm (Brasília time), this Thursday (08), the May contract registered a strong appreciation of 19.25 points and 3.43% on the Chicago Stock Exchange (CBOT), traded at US$ cents 576.75 / bushel. July rose 16 points and 2.93%, at $ cents 562.00 / bushel. The United States Department of Agriculture (USDA) reported today that the export sales records for corn in the 2020/21 crop year totaled 757,000 tonnes in the week of April 1, well above the expected weekly average of cancellation of 19 thousand tons. 99 thousand tons were destined for China. In the 2021/22 harvest, the records reached 50 thousand tons in the period, well below the weekly average of 1.280 million tonnes. In addition to the expectations of coronavirus control with vaccination and social isolation for the recovery of demand and the global economy. The sharp increase of more than 2% in the prices of common wheat and 6.50 points in the soybean spot also had repercussions.
This text was translated by machine from Brazilian Portuguese.