Corn opens Friday with negative movements on B3



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Friday (12) begins with corn futures prices operating in the negative field of the Brazilian Stock Exchange (B3). The main prices fluctuated in the range between R$ 58.50 and R$ 63.35 at around 10:00 am (Brasília time).

May/23 was quoted at R$ 58.50 with a devaluation of 0.85%, July/23 was worth R$ 58.90 with a drop of 0.44%, September/23 was traded at R$ 60.99 with a drop of 0.18% and November/23 had a value of R$ 63.35 with a loss of 0.20%.

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External market
The Chicago Stock Exchange (CBOT) began its activities this Friday with international corn futures prices unchanged at around 9:44 am (Brasília time).

July/23 was quoted at US$ 5.82 with an increase of 0.25 points, September/23 was worth US$ 5.15 with stability, December/23 was traded at US$ 5.13 with stability and March/24 had a value of US$ 5.23 with stability.

According to information from the international website Successful Farming, corn futures contracts were little changed overnight ahead of today's World Agricultural Supply and Demand Estimates (WASDE) report from the United States Department of Agriculture (USDA).

Analysts interviewed by the publication expect the government to slightly raise its outlook for stocks of corn, soybeans and old-crop wheat in relation to the April report. In addition to global ending stocks of corn and soybeans falling narrowly.

Source: Guilherme Dorigatti | Notícias Agrícolas

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