Corn opens week close to stability in Chicago

Posted by Marina

Monday (23) begins with international corn futures prices operating close to stability on the Chicago Stock Exchange (CBOT). The main quotes registered movements between 0.25 and 0.75 points around 09.05 (Brasília time).

May / 20 maturity was quoted at $ 3.43 with stability, July / 20 was worth $ 3.49 with an increase of 0.25 points, September / 20 was traded for $ 3.55 with a gain of 0 , 25 points and December / 20 had a value of US $ 3.64 with an appreciation of 0.75 points.

According to information from the international website Farm Futures, corn futures followed the lowest global stocks this morning, as last week's ethanol weakness permeated prices.

“If Friday was any indication of basic activity this week, farmers may have a chance to take a deep breath after the base implosion in the corn belt last week. News of reduced ethanol demand shook the spot markets last week, as summarized by the main price changes listed below. However, news of renewed Chinese demand at the end of last week may help the corn base to recover from a recovery this week, ”says analyst Jacqueline Holland.

Source: Notícias Agrícolas