Corn prices in Chicago are trading close to stability this Friday

International corn futures prices on the Chicago Board of Trade and the Brazilian Stock Exchange were mostly stable on Friday. Prices were influenced by the downward pressure from falling soybean prices but received support from the USDA's report of stronger-than-expected corn sales in the United States. The USDA reported weekly corn sales at 1.711 million tons, exceeding market expectations. Brazilian corn futures also showed stability, with minor fluctuations in price.

International corn futures prices on Friday (27) were trading close to stability on the Chicago Board of Trade (CBOT). At around 12:51 p.m. (Brasília time), the March/25 contract was quoted at US$4.54, up 0.25 points, May/25 was worth US$4.61, up 0.75 points, July/25 was trading at US$4.64, up 0.75 points, and September/25 was worth US$4.39, down 1.25 points. The cereal contracts in Chicago are under negative pressure from the downward movements of soybeans, but are receiving positive support from the weekly sales released by the United States Department of Agriculture (USDA). According to the USDA, corn sales in the United States totaled 1.711 million tons in the week, exceeding market estimates that ranged from 1 to 1.6 million. On the Brazilian Stock Exchange (B3), stability also set the tone for corn futures ...