Monday (23) begins with international corn futures prices operating close to stability on the Chicago Stock Exchange (CBOT). The main prices registered movements between 0.25 and 0.75 points at around 9:05 am (Brasília time).
May/20 was quoted at US$ 3.43 with stability, July/20 was worth US$ 3.49 with an increase of 0.25 points, September/20 was traded at US$ 3.55 with a gain of 0.25 points and December/20 had a value of US$ 3.64 with an appreciation of 0.75 points.
According to information from the international website Farm Futures, corn futures followed lower global stocks this morning, as last week's ethanol weakness permeated prices.
“If Friday was any indication of base activity this week, farmers may have a chance to take a breather after the base implosion in the Corn Belt last week. News of reduced demand for ethanol roiled spot markets last week, as summarized by the key price changes listed below. However, news of renewed Chinese demand at the end of last week could help the corn base recover this week”, points out analyst Jacqueline Holland.
Source: Notícias Agrícolas
