The September corn contract traded on Brazilian Stock Exchange (B3) The market closed this Thursday (9) with a moderate decrease of 0.86%, quoted at R$ 67.45/sack, but with an accumulated weekly gain of 0.67%. The November contract fell 0.49%, to R$ 70.80/sack, but with an appreciation of 0.43% in the week. In this trading session, the market operated with lower liquidity due to the Constitutionalist Revolution holiday in the state of São Paulo, the country's main financial center. Cereal prices were pressured by the fall in the exchange rate and corn traded on the Chicago Board of Trade (CBOT). However, greater losses were limited by the delay in the second crop harvest and the prospect of increased international demand in the second half of the year, as the export window becomes favorable for corn. Survey carried out by DATAGRO Grains As of last Friday (3), the harvest of the 2025/26 winter crop in the Center-South of Brazil reached 26.1% of the cultivated area, after a weekly advance of 7.5 percentage points. In the same period of the previous season, the work was at 29.1%; on average over the last five years, at 30.3%. Mato Grosso leads the harvesting efforts, with a pace aligned with the multi-year average, while other important producing states, such as Paraná, Minas Gerais, Goiás and Mato Grosso do Sul, are experiencing delays. DATAGRO Grãos projects that Brazil will harvest 112.4 million tons of corn in this second crop, a volume 5% lower compared to the last cycle. On the radar are the slow pace of harvesting in Argentina, although production performances are better this year, and the development of the 2026/27 crop in the United States.
This text was translated by machine from Brazilian Portuguese.