Maize retreats significantly on Monday at CBOT

At 2:49 pm (Brasília time), this Monday (12th), the May contract lost 8.50 points and 1.47% on the Chicago Stock Exchange (CBOT), traded at US$ cents 568.75 / bushel. July was down 7.50 points and 1.29%, at $ cents 555.25 / bushel. The session was negative with the influence of technical profit-making movements, in addition to the significant drop in soybeans, soybean oil and common wheat. The favorable climate for crops in the United States and the continued international spread of the coronavirus also follow on the radar. In addition, the United States Department of Agriculture (USDA) recently reported that the country's corn shipments reached 1.585 million tonnes in the week ending April 8, 26.6% less than the 2,160 mis t the week before. Despite being 9.6% above the projected weekly average of 1,446 thousand tons. 

This text was translated by machine from Brazilian Portuguese.