Thursday (07) begins with international corn prices operating very close to stability on the Chicago Stock Exchange (CBOT). The main prices registered devaluations of 0.25 points at around 9:01 am (Brasília time). March/19 was quoted at US$ 3.79, May/19 was worth US$ 3.87 and July/19 was traded at US$ 3.95. According to analysis by Bem Potter of Farm Futures, corn prices decline slightly in some light technical sales, erasing about half of the gains made on Tuesday. Corn base offerings are strictly mixed but mostly higher amid sluggish farmer sales this week, rising 2 cents in several Midwest locations during Wednesday.
As Reuters reported, corn futures fell for the first time in four sessions. The market continues to await more information from the US Department of Agriculture (USDA), which is scheduled to release a long list of crop forecasts and estimates this Friday, after key reports were delayed for 35 days due to the partial government shutdown. American. Traders are unsure how timely the information will be, particularly export demand data.
Source: Notícias Agrícolas | Author: Guilherme Dorigatti
