News

Corn futures appreciated up to 7% on the Brazilian Stock Exchange throughout March

Maize (Corn)
Market & Price Trends
Published Mar 29, 2024

Tridge summary

On Thursday, the Brazilian Stock Exchange (B3) witnessed an uptick in corn futures prices, with notable weekly and monthly advancements across various maturities, such as a 1.01% increase for May/24. This positive trend was mirrored in Brazil's physical market, where corn prices climbed due to climate-related challenges in some production areas. Internationally, the Chicago Board of Trade (CBOT) saw significant gains in corn futures, driven by recent USDA reports indicating a shift in U.S. planting preferences from corn to soybeans, influenced by more favorable soybean to corn ratios. These developments point to a potential tightening in corn supply and an increase in prices in the near future.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Thursday (28) comes to an end with corn futures prices registering positive movements on the Brazilian Stock Exchange (B3). The main prices fluctuated in the range between R$60.28 and R$64.38 and accumulated weekly increases and also throughout the month of March. The May/24 maturity was quoted at R$60.30 with an increase of 1.01%, July/24 was worth R$60.28 with an increase of 1.17%, September/24 was traded for R$61, 34 with a gain of 61.34 with a gain of 1.14% and November/24 had a value of R$ 64.38 with an appreciation of 1.39%. On a weekly basis, Brazilian cereal contracts registered increases of 0.27% for May/24, 0.32% for July/24, 0.13% for September/24 and 1.32% for o November/24, in relation to the closing of last Friday (22). Throughout the month of March, corn futures prices on B3 accumulated increases of 4.73% for March/24, 7.10% for May/24, 6.03% for July/24 , 3.46% for September/24 and 4.19% for November/24, in relation to the closing date of February 29th. In the ...
Source: NoticiasAgricolas

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