Brazil: Corn futures quotes open this Tuesday's session with gains in the US
Maize (Corn)
Brazil
United States
Published Mar 21, 2023
Tridge summary
Corn futures started the session this Tuesday (21) with gains on the Chicago Stock Exchange (CBOT). Around 9:14 am (Brasília time), the main contracts were working with valuation between 2.75 to 4.25 points.
Original content
The May/23 contract was up 4.25 points and quoted at US$ 6.37 per bushel, while the July/23 contract was worth US$ 6.19 per bushel, with an appreciation of 3.75 points. The September/23 was traded at US$ 5.70 per bushel with an advance of 3.00 points and the December/23 was worth US$ 5.62 per bushel and was up 2.75 points. According to information from Successful Farming, the market is following the progress of planting in Brazil against the drop in expectations for the crop in Argentina. Already Reuters International highlighted that Russia set conditions on Monday (20) to agree to any further extension of the Black Sea grain deal, and President Vladimir Putin said Moscow could send grain free of charge to African countries if those conditions were not fulfilled. Reuters also highlighted that Ukraine's grain harvest in 2023 is expected to drop to 44.3 million tonnes from 53.1 million in 2022 as less area is sown due to the Russian invasion, a forecast by the Ukrainian Ministry of ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes.
To learn more about our cookies, please read our Privacy Policy.