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Snow in the US helps corn to appreciate in Chicago this Monday

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Corn futures prices continue to operate in the negative field on the Brazilian Stock Exchange (B3) throughout this Monday (17). The main quotations fluctuated in the range between R$ 72.34 and R$ 75.45 at around 1:14 pm (Brasília time). 

The May/23 maturity was traded at R$ 72.34 with a drop of 2.20%, the July/23 was worth R$ 72.70 with a devaluation of 2.28%, the September/23 was traded at R$ 73.46 with a drop of 1.79% and the November/23 had a value of R$ 75.45 with a loss of 1.77%. 

External Market 

On the Chicago Stock Exchange (CBOT), Monday continues to be positive for international corn futures prices, which were rising at around 1:05 pm (Brasília time). 

The May/23 maturity was quoted at US$ 6.70 with an increase of 4.25 points, the July/23 was worth US$ 6.36 with an increase of 1.00 points, the September/23 was traded at US$ 5.71 with a gain of 3.75 points and the December/23 had a value of US$ 5.65 with an appreciation of 5.00 points. 

According to information from the international website Farm Futures, a weekend snowstorm in the Upper Midwest will continue today, likely slowing planting progress in the region and thus pushing up corn prices.  

Despite this, the publication highlights that planting weather remains favorable in other parts of the Corn Belt, limiting morning gains.  

“The weather in the United States last week was good for corn planting,” Matt Ammermann, commodities risk manager at StoneX, told Reuters.  

THE Agro Xingú Grain Brokerage works with the best grains on the market and also keeps you up to date with the latest news and analyses on agribusiness.
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