Brazil: Corn futures move a little on Monday morning

Published 2023년 2월 27일

Tridge summary

Corn futures prices on the Brazilian Stock Exchange (B3) and the Chicago Stock Exchange (CBOT) remained largely stable on February 27, with minor fluctuations in price. The Brazilian futures ranged from R$ 87.20 to R$ 88.34, while the Chicago futures saw slight gains. This stability is largely due to concerns over crop losses in Argentina, particularly with a drought impacting the region. However, the large Brazilian soybean crop expected to enter the market could balance out these gains, as it may be offered at low prices, causing market pessimism.

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

Original content

Monday (27) begins with corn futures prices little changed on the Brazilian Stock Exchange (B3). The main quotations fluctuated in the range between R$ 87.20 and R$ 88.34 at around 10:14 am (Brasília time). The March/23 maturity was quoted at BRL 87.75 with a drop of 0.17%, the May/23 was worth BRL 88.34 with a 0.05% increase, the July/23 was traded for BRL 87, 41 with a gain of 0.01% and September/23 had a value of R$ 87.20 with an increase of 0.06%. The Chicago Stock Exchange (CBOT) also started the first day of the week with movements very close to stability for international corn futures prices, which were still in a positive field around 10:05 am (Brasília time). The March/23 maturity was quoted at US$ 6.50 with a gain of 0.75 points, the May/23 was worth US$ 6.49 with an increase of 0.25 points, the July/23 was negotiated for US$ 6, 39 with an increase of 0.50 points and September/23 had a value of US$ 5.92 with an appreciation of 2.00 points. According to information from ...

Source: NoticiasAgricolas