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Corn opens the week seeking recovery at B3

Posted by Rafael Moro

Image: Pixabay

Monday (17) begins with corn futures prices seeking to recover on the Brazilian Stock Exchange (B3) after closing the last week in decline. The main quotes registered movements between 035% negative and 0.73% positive at around 9:14 am (Brasília time).

May/21 maturity was quoted at R$ 10164 with a 0.35% decrease, July/21 was worth R$ 96.80 with a 0.36% increase. September/21 was quoted at R$ 95.23 with an increase. 0.35% and November/21 had a value of R$ 95.50 with a gain of 0.73%.

External market

The Chicago Stock Exchange (CBOT) opened the first day of the week, extending the losses from the previous week to international futures corn prices. The main quotes registered movements between 4.00 negative points and 3.25 positive points around 09h20 (Brasília time).

The July/21 maturity was quoted at US$ 6.48 with an increase of 4.25 points, September/21 was worth US$ 5.62 with a fall of 0.25 points, December/21 was negotiated for US$ 5, 40 with a low of 2.75 points and March/22 had a value of US$ 5.48 with a devaluation of 4.00 points.

According to information from the international website Farm Futures, prices for the new corn crop increased slightly overnight due to persistent concerns about the declines in the Brazilian corn crop expected later this summer. The new crop's futures, on the other hand, fell with the end of the planting season in the United States and favorable spring rains this week.

"Today's crop progress report will likely show another week of rapid corn planting across the Midwest, while farmers avoided rain to end sowing activities in Heartland. More than two-thirds of the predicted corn crop for 2021 it was on the ground last Sunday, according to last week’s crop progress report,” says analyst Jacqueline Holland.

By: Guilherme Dorigatti | Notícias Agrícolas

This text was automatically translated from Portuguese.