The July corn contract traded on Brazilian Stock Exchange (B3) The corn futures contract closed this Wednesday (20) with a slight decrease of 0.45%, quoted at R$ 66.96/sack. Conversely, the September contract ended the day stable with an upward bias (+0.04%), at R$ 69.83/sack. For the week, futures accumulated gains of 0.24% and 0.29%, respectively. In this trading session, the first-position contract ended up being pressured by the drop of more than 2% observed on the Chicago Stock Exchange and by the moderate decline in the exchange rate, which was again quoted around R$ 5.00. The market continues to focus on the development of the winter crop, whose harvest should begin in the coming weeks, increasing the domestic availability of corn. DATAGRO Grãos projects that production should exceed 114 million tons, a slight decrease of 3% compared to the previous season. Including the first harvest, Brazil is expected to produce 142.9 million tons of the cereal in the 2025/26 season, a decrease of only 0.2% compared to the previous cycle.
This text was translated by machine from Brazilian Portuguese.