Corn futures prices operate with slight gains this Friday afternoon at CBOT, US

Published 2023년 10월 27일

Tridge summary

Corn futures prices on the Chicago Stock Exchange are experiencing slight declines, with the main contracts dropping between 2.25 and 2.75 points. However, demand for corn is supporting prices, with Mexico being the biggest buyer, purchasing 762.4 thousand tons from North American suppliers. In the Brazilian financial market, the dollar fell sharply against the real after US inflation data was in line with expectations and Brazil's central government reported a fiscal result above expectations, boosting investor risk appetite. On the Brazilian Stock Exchange, corn futures are also experiencing devaluations.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

This Friday afternoon (27), corn futures references continue to work with light prices on the Chicago Stock Exchange (CBOT). At around 12:20 pm (Brasília time), the main contracts operate with drops of 2.25 to 2.75 points. The December/23 contract was up 2.50 points and traded at US$4.81 per bushel. The March/23 contract was worth US$4.96 per bushel with a gain of 2.75 points, while the May/24 contract was traded for US$5.04 with an increase of 2.75 points. July/24 had a value of US$ 5.10 with a gain of 2.75 points. According to information at Successful Farming, demand is supporting corn prices, as the United States Department of Agriculture (USDA) reported earlier this week that Mexico purchased 117,200 tons from North American suppliers. “Mexico was the biggest buyer with 762.4 thousand tons, followed by Colombia with 241.9 thousand tons and Japan with 149.4 thousand tons. An unidentified country took 97,100 tons and Costa Rica purchased 64,300 tons of corn from the USA”, ...

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