Arroba exceeds R $ 316 for the first time in the Cepea indicator; see the news of this second

Arroba exceeds R $ 316 for the first time in the Cepea indicator; see the news of this second
Arroba exceeds R $ 316 for the first time in the Cepea indicator; see the news of this second
  • Ox: arroba renews record in Cepea indicator

  • Corn: May contract approaches R $ 100 per bag at B3

  • Soy: prices continue to rise in Brazil; Chicago has correction

  • Coffee: price reaches the lowest level since January in New York

  • Abroad: labor market reacts in the United States

  • In Brazil: economic agenda this week focuses on inflation

Agenda:

Ox: arroba renews record in Cepea indicator

The Cepea fat ox indicator, calculated based on prices in São Paulo, set a new record and surpassed R $ 316 per arroba for the first time. The price changed 0.09% in relation to the previous day and went from R $ 315.8 to R $ 316.1 per arroba. As a result, in the accumulated result for the year, the indicator had an increase of 18.32%. In 12 months, prices reached 55.71% appreciation.

In the futures market, beef cattle contracts traded at B3 also appreciated. The adjustment of the maturity for April went from R $ 315.15 to R $ 317.25, from May was from R $ 309.8 to R $ 311.85 and from October, stable at R $ 323.3 per arroba.

Corn: May contract approaches R $ 100 per bag at B3

Corn futures contracts traded at B3 once again rose and the May maturity is rapidly approaching R $ 100 per bag, which would be a historic mark. The salary adjustment for May went from R $ 96.59 to R $ 97.43 and from July it went from R $ 92.04 to R $ 92.62 per bag. In the physical market, Cepea’s corn indicator was R $ 93.9 per bag.

In Chicago, after the sharp rise caused by the USDA’s planting intention report, corn prices settled down and declined. The May contract fell 0.82% and went from US $ 5.642 to US $ 5.596 per bushel.

Soy: prices continue to rise in Brazil; Chicago has correction

Soy prices in the Brazilian market continued to rise, reflecting the devaluation of the real against the dollar. The Cepea soybean indicator for the port of Paranaguá (PR) rose 0.32% in relation to the previous day and went from R $ 173.3 to R $ 173.86 per bag. Thus, in the accumulated result for the year, the indicator appreciated by 12.97%.

In Chicago, soybean futures contracts had a technical correction that returned nearly half of the gains made after the USDA report. May maturity, the most traded today, fell 2.41% and went from US $ 14.366 to US $ 14.02 per bushel.

Coffee: price reaches the lowest level since January in New York

The price of the Arabica coffee contract traded on the New York Stock Exchange due in May, the most liquid at the moment, depreciated 1.54% and went from US $ 1.235 to US $ 1.216 per pound. This is the lowest level for prices since the 12th of January considering the continuous series of the first future.

In the Brazilian market, the drop was mitigated by the dollar’s rise against the real. The Cepea arabica coffee indicator had a day of decrease of 0.19% in relation to the previous day and went from R $ 708.44 to R $ 707.11 per bag.

Abroad: labor market reacts in the United States

Last Friday, 2, the United States Department of Employment reported creating job vacancies well above market expectations. It was the best result since August last year. In addition, the unemployment rate fell from 6.2% in February to 6.0% in March. With an advanced vaccination rate and a significant decrease in cases and deaths by Covid-19, the expectation is that the US economy will continue to recover significantly.

As the US stock exchanges were closed on Friday due to the Easter holiday, the stock indexes are expected to react to the result only today. At the opening of the day, futures operate high, however, the future rates of US Treasury bonds also have a slight appreciation and may limit gains in shares.

In Brazil: economic agenda this week focuses on inflation

This week’s economic indicators agenda in Brazil will focus heavily on inflation rates with the release of the IPC-Fipe, IPCA and IGP-DI in March, in addition to the first preview of the IGP-M in April. Inflation data has become increasingly important with the acceleration of the prices of agricultural and metallic commodities and the consequent pressure on interest rates.

The Central Bank, at its last monetary policy meeting, raised the Selic rate by 0.75 percentage point and the expectation is for another increase of the same magnitude in the next meeting. If inflation rates continue to be under great pressure, the interest market may increase the projected increase in the Selic rate for the next Copom meetings.

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