Image: Pixabay
In the previous session (27), the cereal spot fell by 2.26%.
At 8:18 am (Brasília time) this Friday (28), the May corn contract on the Chicago Stock Exchange (CBOT) operated with a slight advance of 1.25 points and 0.20%, quoted at US$ cents 628.25/bushel – however, the weekly and monthly accumulation was a low of 5.28% and 4.88% to date, respectively; July, on the other hand, fell 0.50 points and 0.09%, at US$ cents 581.00/bushel.
{module Form RD}
In the previous session (27), the cereal spot fell 2.26%, pressured by export sales records for the week ending April 20 from the United States Department of Agriculture (USDA). The data shows that the North American country sold 400 thousand tons of corn in the 2022/23 harvest, a volume 28.21 TP3T higher than that sold in the previous week, but 10.91 TP3T below the weekly average to reach the estimated total of 46.992 million tons .
This morning, the market monitored negotiations for the renewal of the grain agreement in Eastern Europe, which allows the export of Ukrainian products through the Black Sea. The Russian Foreign Ministry reaffirmed its demands for an end to restrictions on its payments and logistics system.
The climate forecast favorable to the rapid progress of planting in the USA also reverberated.
New information about the behavior of the global financial market, the war in Eastern Europe, the climate in South America and the Corn Belt and demand for North American products are still on the radar.
Source: datagro
