Friday (22) records gains for corn futures prices on the Brazilian Stock Exchange (B3). The main prices registered positive movements between 0.52% and 0.76% at around 11:49 am (Brasília time).
The July/20 maturity was quoted at R$ 46.70 with an increase of 0.52%, September/20 was worth R$ 44.99 with an increase of 0.76%, November/20 was traded for R$ 48.00 with an increase of 0.63% and January/21 had a value of R$ 48.70 with stability.
According to Agrifatto Consultoria, even with the dollar dropping more than 2% yesterday, negotiations in the spot market are few and happen to fill needs that go from “hand to mouth”. As a result, volatility persists at B3.
External market
The Chicago Stock Exchange (CBOT) operated with international corn future prices falling this Friday (22). The main prices registered negative movements between 1.50 and 1.75 points at around 11:47 am (Brasília time).
July/20 was quoted at US$ 3.16 with a drop of 1.75 points, September/20 was worth R$ 3.21 with a devaluation of 1.75 points, December/20 was traded at US$ 3.31 with a drop of 1.75 points and March/21 had a value of US$ 3.44 with a loss of 1.50 points.
According to information from the international website Farm Futures, corn futures fell this morning, with lower energy prices amid a reduction in Chinese growth forecasts, leading investors to question the demand for ethanol.
Additionally, strong planting progress has also raised concerns about a record harvest this fall.
“Corn prices appear to have bottomed out on April 21 after July futures closed at US $ 3.09/bushel. There are several supply and demand concerns that could be bullish for corn prices if they materialize,” points out analyst Jacqueline Holland.
Source: Notícias Agrícolas
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