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Cereal April trading session fell, but the signal reversed in the early afternoon.
At 1:14 pm (Brasília time) this Monday (10), the May corn contract on the Chicago Stock Exchange (CBOT) was operating at a moderate appreciation of 5.75 points and 0.89%, quoted at US$ cents 649.25/bushel ; July's rose 5.50 points 0.85%, at US$ cents 625.25/bushel.
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Support for the possibility of non-renewal of the grain agreement between Russia and Ukraine. Sources said the Eurasian country may not extend the current measure, which expires next month.
On the other hand, gains were limited by the shipments report for the week ending April 6, released by the United States Department of Agriculture (USDA). According to the document, the North American country exported 805 thousand tons of the 2022/23 harvest cereal, an amount 26.7% lower than that shipped the previous week and 36.9% below the weekly average to reach the estimated total of 46.992 million tons.
Source: datagro
