Corn futures rise on Thursday morning in Chicago

Maize (Corn)
Market & Price Trends
Published Apr 12, 2024

Tridge summary

On Thursday, the corn futures market experienced slight fluctuations on both the Brazilian Stock Exchange (B3) and the Chicago Stock Exchange (CBOT). In Brazil, prices varied modestly with some maturities seeing minor adjustments; May/24 increased slightly, July/24 and September/24 saw small declines, and November/24 remained unchanged, with prices oscillating between R$57.85 and R$62.40. Meanwhile, in Chicago, corn futures opened with minor gains across various maturities, influenced by a report from Conab predicting a 16% drop in Brazil's corn production to 110.964 million tons for the year, attributed mainly to a decrease in the planted area for the off-season crop.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Thursday (11) began with corn futures prices moving close to stability on the Brazilian Stock Exchange (B3). The main prices fluctuated in the range between R$57.85 and R$62.40 at around 10:42 am (Brasília time). The May/24 maturity was quoted at R$57.85 with an increase of 0.26%, the July/24 was worth R$57.91 with a fall of 0.19%, the September/24 was traded for R$59, 90 with a drop of 0.20% and November/24 had a value of R$ 62.40 with stability. On the Chicago Stock Exchange (CBOT), international corn futures prices opened this Thursday's activities floating in a slightly positive field at around 10:32 am (Brasília time). May/24 was quoted at US$4.35 with a gain of 0.75 points, July/24 was worth US$4.47 with an increase of 1.75 points, September/24 was traded for US$4, 56 with an increase of 2.00 points and December/24 had a value of US$ 4.71 with an increase of 1.50 points. According to information from the ...
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