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The Brazilian corn market is expected to register firm prices this Tuesday, with lower supply availability from producers. Even so, the expectation is for a calm movement in business, given the proximity of the end of the year.
On the international scene, the Chicago Stock Exchange is falling, giving back the gains of the last session.
On Monday (14), the Brazilian corn market had firm prices. According to SAFRAS & Mercado consultant, Paulo Molinari, the market was very calm this Monday, with a reduction in regional supply compared to last week.
At the Port of Santos, the price was R$ 72.00/75.00 per bag. At the Port of Paranaguá (PR), price at R$ 70.00/74.00 per bag.
In Paraná, the price was R$ 72.00/74.00 per bag in Cascavel. In São Paulo, price of R$ 72.00/74.00 at Mogiana. In Campinas CIF, price of R$ 75.00/77.00 per bag.
In Rio Grande do Sul, the price was R$ 82.00/85.00 per bag in Erechim. In Minas Gerais, price at R$ 67.00/73.00 per bag in Uberlândia. In Goiás, the price was R$ 67.00 – R$ 70.00 per bag in Rio Verde – CIF. In Mato Grosso, the price was R$ 64.00/67.00 per bag in Rondonópolis.
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CHICAGO
* Contracts expiring in March operate at US$ 4.21 per bushel, down 3.00 cents, or 0.70%, compared to the previous closing.
* After yesterday's volatility, the market settled into negative territory this Tuesday, awaiting news. Technical factors contribute to devaluation.
* On Monday (14), corn contracts for delivery in March closed at US$ 4.24, an increase of 0.50 cents, or 0.11%, compared to the previous closing.
EXCHANGE
* The commercial dollar registers a depreciation of 0.66% to R$ 5.0910.
FINANCIAL INDICATORS
* The main stock exchanges in Asia ended lower. Shanghai, -0.06%. Tokyo, -0.17%.
* The main exchanges in Europe operate mixed. Paris, +0.22%; Frankfurt, -0.52% and London, -0.25%.
* Oil operates with gains. January WTI in NY: US$ 47.28 a barrel (+0.61%).
* The Dollar Index registers a drop of 0.61%, at 90.61 points.
SCHEDULE
– Data on the development of crops in Paraná – Deral, in the morning.
– End of year press conference on the progress of the 2020/21 sugar cane harvest – UNICA, 10am.
– USA: Data on industrial production for November will be published at 11:15 am by the Federal Reserve.
– Soybean crushing in the USA in November – NOPA, 2pm.
– November coffee stocks in the US – GCA, 5pm.
—–Wednesday (12/16)
– Japan: The November trade balance will be published the night before by the Ministry of Finance.
– United Kingdom: The producer price index for November will be published at 4am by the statistics department.
– United Kingdom: The consumer price index for November will be published at 4am by the statistics department.
– Eurozone: The October trade balance will be published at 7am by Eurostat.
– The position of oil stocks up to Friday last week will be published at 12:30 pm by the Department of Energy (DoE).
– USA: The December monetary policy decision will be published at 4 pm by the Federal Reserve.
—–Thursday (12/17)
– Eurozone: The final reading of the November consumer price index will be published at 7am by Eurostat.
– The BC releases the quarterly inflation report at 8 am
– United Kingdom: The monetary policy decision will be published at 9 am by the Bank of England.
– Estimate for the Brazilian coffee harvest – Conab, 9am.
– US weekly grain exports – USDA, 10:30 am.
– Data on the development of Argentine crops – Buenos Aires Grain Exchange, 3pm.
– Data from crops in Rio Grande do Sul – Emater, in the afternoon.
—–Friday (12/18)
– Japan: The November consumer price index will be published the night before by the Ministry of Internal Affairs and Communications.
– Japan: The monetary policy decision will be published in the early hours of the morning by the Bank of Japan.
– United Kingdom: Retail sales for November will be published at 4am by the statistics department.
– Germany: The producer price index for November will be published at 4 am by Destatis.
– Data on the development of crops in Argentina – Ministry of Agriculture, at the beginning of the day.
– Crop development data from Mato Grosso – IMEA, in the afternoon.
– Survey on the evolution of soybean planting in Brazil – SAFRAS, in the afternoon.
By Arno Baasch (arno@safras.com.br) | SAFRAS Agency
