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Corn futures prices intensified their positive movements on the Brazilian Stock Exchange (B3) throughout this Tuesday (18). The main prices fluctuated in the range between R$ 57.36 and R$ 67.80 at around 1:28 pm (Brasília time).
The September/23 maturity was quoted at R$ 57.36 with an increase of 2.69%, November/23 was worth R$ 60.45 with an increase of 2.15%, January/24 was traded for R$ 64.00 with a gain of 1.89% and March/24 had a value of US$ 67.80 with an increase of 1.35%.
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External market
Advances were also intensified on the Chicago Stock Exchange (CBOT) for international corn futures prices, which moved in a positive direction at around 1:26 pm (Brasília time).
The September/23 maturity was quoted at US$ 5.19 with an increase of 20.25 points, December/23 was worth US$ 5.25 with an increase of 19.00 points, March/24 was traded at US$ 5.35 with a gain of 18.25 points and May/24 had a value of US$ 5.41 with an increase of 17.00 points.
“Corn futures rose despite a further increase in U.S. crop condition ratings, as traders are paying more attention to the latest weather forecasts, which have slightly lowered the prospects for rain in the heart of the Corn Belt. Corn”, pointed out the Brock report, according to the international website Successful Farming.
The publication also highlights that, “news of a Russian air attack on the Ukrainian port of Odesa, on the Black Sea, also support corn.”
Source: Guilherme Dorigatti | Notícias Agrícolas
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