Tridge summary
The corn market on the São Paulo Commodities Exchange (B3) saw corn futures close higher for the rest of the current crop and the safrinha crop, with a drop in the first month quoted and an increase for July and following months. However, there is still no significant interest from exporters for corn shipments in the first half of 2023. In Chicago, corn also closed higher due to new Chinese purchases, but the gains were limited by a drop in oil and a rise in the dollar.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
On the São Paulo Commodities Exchange (B3), corn closed, again, in current crop fall and high for safrinha, according to information released by TF Agroeconomia. "The market continued, once again, the momentum of the previous days, with a drop in the first month quoted (and today in the second as well) and an increase for July and following", he comments. “There is still a lack of evidence of great interest from exporters for corn for shipments in the first half of 2023, with buyers' indications concentrated from July of this year, but with lower levels than those of the current market, arousing little interest from consumers. sellers. Against this background, futures prices closed mixed: the March/23 contract closed at R$85.51, down R$-0.23 on the day and R$-0.69 on the week; May/23 closed at R$87.26, down R$-0.63 on the day and R$-0.02 on the week; the July maturity was R$ 87.08, up R$ 0.63 on the day and R$ 0.52 on the week”, he adds. In Chicago, corn closed higher, with new ...
Source: Agrolink
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