The March corn contract traded Chicago Board of Trade (CBOT) The futures contract closed this Tuesday (2) quoted at US$ 450.00/bushel, after advancing 5.00 points and 1.12%. The March contract rose 4.25 points and 0.94%, to US$ 457.50/bushel. The assets were driven by strong international demand. According to the weekly shipment report of U.S. Department of Agriculture (USDA)In the week ending November 28, 1.421 million tons of corn were shipped, exceeding market expectations of between 1.00 million tons and 1.250 million tons. Further gains were limited by a drop of more than 1% in… WTI oil New York Stock Exchange (Nymex)This reduces the competitiveness of corn-based ethanol.
This text was translated by machine from Brazilian Portuguese.