Brazil: Corn retreats in Chicago this Tuesday in the US and accumulates up to 7.3 percent of devaluation throughout February

Tuesday (28) comes to an end with corn futures prices registering slight increases on the Brazilian Stock Exchange (B3). The main quotations fluctuated in the range between R$ 86.75 and R$ 87.64. The March/23 maturity was quoted at R$87.29 with an increase of 0.10%, the May/23 was worth R$87.64 with a gain of 0.03%, the July/23 was negotiated for R$87, 05 with an appreciation of 0.14% and September/23 had a value of R$ 86.75 with a decrease of 0.09%. In the monthly comparison, Brazilian cereal contracts accumulated losses of 1.82% for March/23 and 1.89% for May/23, in addition to increases of 0.06% for July/23 and 0. 06% for September/23 throughout February compared to the closing date of January 31st. For the market analyst at Brandalizze Consulting, Vlamir Brandalizze, Brazilian corn received support from the buying pressure from Iran and China, helping to raise premiums to the range of US$ 1.00. “That's where there's more buying pressure right now. People are wanting Brazilian ...