Corn and soy in stabilization rhythm in Brazil

The trend of accommodation of grain prices at lower levels gained strength and, after 12 consecutive months of appreciation, soybeans and corn ended June with monthly average prices lower than a year earlier on the Chicago Stock Exchange. Even so, the futures contracts of second delivery position of the two commodities reached, in the first semester, average values more than 60% higher than those of the same period of 2020. Value Date calculations based on these papers show that, in the case of soybeans, last month's average was 6.87% lower than in May, but rose 17.82% compared to December and 64.44% compared to June 2020. Thus, the half-year average was 62.82% higher than that of January-June last year. In the corn market, the movement is similar. The average in June was 7.41% lower than that of May, but still with increases of 34.1% compared to December and 76.83% compared to June 2020. In the comparison between the first semesters, the increase reached 61.65%. In corn and ...