News

Monday starts with corn rising on the Brazilian Stock Exchange

Maize (Corn)
Brazil
United States
Market & Price Trends
Published Apr 15, 2024

Tridge summary

On Monday, the Brazilian Stock Exchange (B3) witnessed an uptick in corn futures prices, with values ranging from R$58.05 to R$62.62 during the morning session, and maturities for May/24, July/24, September/25, and November/24 experiencing increases between 0.55% and 1.15%. Conversely, the Chicago Stock Exchange (CBOT) saw a decline in international corn futures prices for May/24 to December/24 maturities, falling by 2.00 to 2.50 points. This decrease was linked to market reactions to anticipated planting rates and a potential rise in corn acreage for 2024, as well as a knock-on effect from a 1% drop in crude oil futures, which was itself a response to de-escalating tensions following Iran's attacks on Israel.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Monday (15) begins with corn futures prices operating in the positive field of the Brazilian Stock Exchange (B3). The main prices fluctuated in the range between R$58.05 and R$62.62 at around 10:14 am (Brasília time). The May/24 maturity was quoted at R$ 58.05 with an appreciation of 1.15%, the July/24 was worth R$ 58.25 with an increase of 0.83%, the September/25 was traded for R$ 59, 98 with an increase of 0.55% and November/24 had a value of R$ 62.62 with a gain of 0.68%. The Chicago Stock Exchange (CBOT) opened the new week's activities with international corn futures prices operating in the negative field, with declines registered around 9:44 am (Brasília time). The May/24 maturity was quoted at US$ 4.33 with a drop of 2.00 points, the July/24 was worth US$ 4.44 with a devaluation of 2.50 points, the September/24 was traded for US$ 4, 54 with a drop of 2.25 points and December/24 had a value of US$ 4.69 with a loss of 2.25 points. According to information from the ...
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