Brazil: Negative fundamentals return to the fore and corn starts to retreat in the Stock Exchanges this Monday

Corn futures prices lost strength throughout this Monday (27) and began to retreat on the Brazilian Stock Exchange (B3). The main quotations fluctuated in the range between R$ 86.97 and R$ 87.94 at around 1:07 pm (Brasília time). The March/23 maturity was quoted at R$87.55 with a 0.40% drop, the May/23 was worth R$87.94 with a 0.41% devaluation, the July/23 was traded at US$87, 21 with a loss of 0.22% and September/23 had a value of R$ 86.97 with a decrease of 0.21%. Negative movements also reappeared for international corn futures prices, which lost strength on the Chicago Board of Trade (CBOT) throughout Monday and retreated around 1:02 pm (Brasília time). The maturity March/23 was quoted at US$ 6.46 with a drop of 3.50 points, the May/23 was worth US$ 6.44 with a low of 4.50 points, the July/23 was negotiated for US$ 6, 34 with a devaluation of 4.25 points and the September/23 had a value of US$ 5.90 with a loss of 0.50 points. According to information from the international ...