News

USA: After falling 5% last week, corn futures open on Monday again with declines close to 5% on B3

Maize (Corn)
Brazil
United States
Market & Price Trends
Published Feb 26, 2024

Tridge summary

Corn futures prices started the week on a negative note on the Brazilian Stock Exchange (B3), with prices ranging between R$58.45 and R$60.96. Similarly, international corn futures also opened with negative movements on the Chicago Stock Exchange (CBOT), due to indications of weak demand for US supplies. This is evidenced by a 37% drop in corn sales reported by the USDA compared to the previous week, and a 30% drop compared to the average.
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

Monday (26) begins with corn futures prices operating in the negative field of the Brazilian Stock Exchange (B3). The main prices fluctuated in the range between R$58.45 and R$60.96 at around 10:14 am (Brasília time). The March/24 maturity was quoted at R$60.96 with a drop of 1.68%, the May/24 was worth R$58.53 with a devaluation of 4.35%, the July/24 was traded for R$58, 45 with a drop of 4.09% and September/24 had a value of R$59.52 with a loss of 3.53%. International corn futures prices also opened activities this Monday with negative movements on the Chicago Stock Exchange (CBOT), with declines recorded around 9:59 am (Brasília time). The March/24 maturity was quoted at US$ 3.96 with a devaluation of 3.75 points, the May/24 was worth US$ 4.10 with a loss of 3.25 points, the July/24 was traded for US$ 4, 23 with a drop of 2.50 points and September/24 had a value of US$ 4.33 with a drop of 1.75 points. According to information from the international website ...
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