Monday starts negative for corn futures prices on Brazil's B3

Published Jul 3, 2023

Tridge summary

Corn futures prices on the Brazilian Stock Exchange retreated, with various maturities experiencing losses. However, on the Chicago Stock Exchange, international corn futures prices opened the week in a positive trend. The United States Department of Agriculture's unexpected estimate of larger plantings for 2023 and challenging weather conditions are contributing to increased volatility in the corn market.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Monday (03) begins with corn futures prices retreating on the Brazilian Stock Exchange (B3). The main quotations fluctuated in the range between R$ 52.90 and R$ 61.90 around 10:07 am (Brasília time). The July/23 maturity was quoted at R$52.90 with a devaluation of 1.03%, the September/23 was worth R$54.78 with a loss of 0.99%, the November/23 was traded for R$58, 79 with a drop of 0.64% and January/24 had a value of R$ 61.90 with a drop of 0.64%. The Chicago Stock Exchange (CBOT) opened this week's work operating in a positive field for international corn futures prices. At around 9:44 am (Brasília time), the July/23 maturity was quoted at US$ 5.61 with an appreciation of 7.00 points, the September/23 maturity was worth US$ 4.93 with a gain of 4.75 points, the December/23 was traded at US$ 4.99, up 4.50 points and March/24 was worth US$ 5.10, up 4.25 points. According to information from the international website Farm Futures, corn prices improved by more than 1% in the night ...

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