The July corn contract traded on Brazilian Stock Exchange (B3) The futures contract closed this Thursday (28) with a slight increase of 0.47%, quoted at R$ 65.91/sack. The September contract advanced 0.64%, to R$ 68.74/sack. However, for the week, futures accumulated losses of 1.92% and 1.72%, respectively. In this trading session, domestic prices were supported by the rise in equivalent corn contracts in Chicago Board of Trade (CBOT), in the United States. However, the devaluation of exchangeA factor that reduces the competitiveness of Brazilian corn destined for export limited further gains. Near the end of negotiations in… B3The dollar fell 0.61% to R$ 5.02. Exchange rates also came under pressure from… beginning of the second grain harvest in important producing states of South-Central BrazilLocal bodies such as Mato Grosso Institute of Agricultural Economics (Imea) and the Department of Rural Economy (Deral) They reported that work had already begun last week in Mato Grosso and in Paraná, still in its early stages. A DATAGRO Grains It is projected that 112.3 million tons of corn will be harvested in the winter crop, representing a 5% decrease compared to the previous season. However, a large part of this loss should be offset by the summer crop, whose production jumped 14%, to 28.9 million tons, in the 2025/26 cycle.
This text was translated by machine from Brazilian Portuguese.