In Chicago, the drop in oil dragged Chicago prices and the physical market…

B3 had a mixed day in the closing of corn prices, mixing high demand and profit taking, according to information released by TF Agroeconomia. “This Monday, the view persisted on the corn market that a smaller world harvest is to come, in addition to what has been witnessed in exports: a highly demanded market, in which the exchange of positions, especially when talking about the European market, accumulate premiums never seen before for corn. Therefore, the market became mixed and took advantage of the day to make profits, in view of the expressive highs of last week”, he comments.

“At market close, the main maturities had the following quotations: the March/22 maturity was quoted at R$ 103.65, with an increase of 1.21%, the May/22 was worth R$ 104.59, with an increase of 0, 18%, July/22 was traded for R$99.11 with a drop of 0.25% and September/22 had a value of R$98.75 with a loss of 0.41%”, completes the consultancy.

In Chicago, the drop in oil dragged Chicago prices and the physical market. “March22 corn prices closed down sharply by 5.17% or 14.25 cents/bushel at $725.50. The July22 quotation, important for Brazilian exports, closed down by 1.82% or $13.25 cents/bushel at $715.50”, he indicates.

“Crude oil, with losses of 7%, added to the pressure. Meanwhile, interruptions in supplies from Ukraine lead European Union members to try to approve emergency purchases in other origins (Argentina and the USA). The USDA reported daily sales of 0.15 thousand tons to Mexico”, he concludes.

Source:https://www.agrolink.com.br/noticias/dia-misto-no-fechamento-das-cotacoes-do-milho-na-b3_463299.html