Corn futures continue to rise in Chicago after Friday's USDA numbers

Published Jan 15, 2025

Tridge summary

Corn futures prices are experiencing a mixed performance in the Brazilian Stock Exchange (B3) and the Chicago Board of Trade (CBOT). Brazilian prices are in negative territory, ranging from R$74.73 to R$78.66, while Chicago prices are on a rise, reaching near multi-month highs. This situation is influenced by USDA's reduced production and end-of-season stocks estimates for 2024, alongside concerns about Argentine crop conditions and upcoming US inflation data to influence interest rates.

Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Corn futures prices continue to trade in negative territory on the Brazilian Stock Exchange (B3) throughout this Wednesday (15). The main prices fluctuated in the range between R$74.73 and R$78.66 at around 1:07 pm (Brasília time). The January/25 maturity was quoted at R$74.73 with a drop of 0.27%, March/25 was worth R$78.66 with a drop of 0.63% and May/25 was worth R$76.60 with a loss of 0.20%. On the Chicago Board of Trade (CBOT), international corn futures prices continue to record positive movements at around 12:57 pm (Brasília time). The March/25 contract was quoted at US$ 4.780, up 4.00 points, the May/25 contract was worth US$ 4.87, up 3.00 points, the July/25 contract was traded at US$ 4.91, up 2.50 points, and the September/25 contract was worth US$ 4.59, up 1.25 points. According to information from the Reuters Agency, corn futures contracts in Chicago rose on Wednesday and are trading near multi-month highs, while investors monitored rain forecasts in Argentina and ...

Source: NoticiasAgricolas