Tridge summary
The São Paulo Commodities Exchange (B3) experienced a rise due to international factors such as strikes in Argentina and drought in the Panama Canal. Future prices also saw an increase, with the March/24 maturity date closing at R$66.61, up by R$0.47. Meanwhile, on the Chicago Stock Exchange, soybeans prices increased due to technical purchases and anticipation of the Brazilian harvest, with the March24 price closing up 1.29% at $452.25.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
On the Chicago Stock Exchange, soybeans closed higher In the corn market, the international scenario is weighing on the São Paulo Commodities Exchange (B3), which closes another day on the rise, according to information released by TF Agroeconomic. “The prices were positively influenced by the international scenario, in the face of strikes that practically paralyzed all of Argentina, and news of drought in the Panama Canal”, he comments. “International newspapers from all over the world reported, in headlines, what would be the first major strike faced by Javier Milei's government, which was called by the largest union federation in Argentina, the General Confederation of Labor. In the country's physical markets, prices continued to fall, with exporters indicating purchases, for the most part, only for the off-season”, he adds. Given this situation, future prices closed higher. “The maturity date for March/24 was R$66.61, an increase of R$0.47 on the day, a low of R$1.32 for the ...
Source: Abramilho
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