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Monday (17) begins with corn futures prices seeking to recover on the Brazilian Stock Exchange (B3) after closing last week in decline. The main prices recorded movements between negative 035% and positive 0.73% around 9:14 am (Brasília time).
May/21 was quoted at R$ 10164 with a decrease of 0.35%, July/21 was worth R$ 96.80 with an increase of 0.36%, September/21 was quoted at R$ 95.23 with an increase of 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 previous week's losses for international corn futures prices. The main prices registered movements between 4.00 negative points and 3.25 positive points at around 9:20 am (Brasília time).
July/21 was quoted at US$ 6.48 with an increase of 4.25 points, September/21 was worth US$ 5.62 with a drop of 0.25 points, December/21 was traded at US$ 5.40 with a decrease of 2.75 points and March/22 had a value of US$ 5.48 with a devaluation of 4.00 points.
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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 harvest expected for the end of this summer. New crop futures fell with the end of the US planting season and favorable spring rains this week.
“Today’s crop progress report will likely show another week of rapid corn planting across the Midwest as farmers avoided the rains to finish seeding activities in the Heartland. More than two-thirds of the corn harvest forecast for 2021 was in the ground last Sunday, according to last week's crop progress report”, points out analyst Jacqueline Holland.
By: Guilherme Dorigatti | Notícias Agrícolas
