The September corn contract traded on Brazilian Stock Exchange (B3) The contract closed this Tuesday (28) with a strong increase of 1.82%, quoted at R$ 70.41/sack; the November contract advanced 2.73%, to R$ 75.35/sack. In this trading session, domestic prices were driven by the strong appreciation of equivalent corn assets in Chicago Board of Trade (CBOT), as well as by the slight increase in exchange, quoted at R$ 5.11, which increases the competitiveness of Brazilian cereal exports. In the field, the 2025/26 winter corn harvest node South-Central from Brazil It reached 61.5% of the projected area, after a weekly increase of 11.2 percentage points, according to a survey conducted by DATAGRO Grains until last Friday (24). In the same period of the previous season, work was at 69.1%; on average over the last five years, at 62.6%. A DATAGRO It is projected that Brazil will harvest 112.5 million tons of corn in the second crop of 2026, a volume 5% lower compared to the last cycle. Regarding… international demand, according to data from Secretariat of Foreign Trade (Secex) – analyzed by DATAGRO Grains – show that Brazil exported 561,200 tons in the week ending July 24. However, this amount is still well below the weekly average of 1.427 million tons needed to reach the total projected target. DATAGRO Grains for exports in the 2026/27 marketing year. Domestic shipments of the grain are expected to gain momentum in the second half of this year, taking the place of soybeans at ports, as the second crop harvest progresses in the Center-South of Brazil.
This text was translated by machine from Brazilian Portuguese.