The July corn contract traded on Brazilian Stock Exchange (B3) The Brazilian market closed this Wednesday (17) stable with a downward bias (-0.06%), quoted at R$ 63.94/sack, with an accumulated weekly loss of 0.19%. On the other hand, the September contract recorded a slight increase of 0.42%, to R$ 67.42/sack, with an appreciation of 0.67% in the week. The Brazilian market continues to keep an eye on the winter crop, whose harvest has already begun in all states of the Central-South region of Brazil, and should considerably increase the national supply of the cereal in the coming months. A survey carried out by DATAGRO until last Friday (12) shows that the work reached 6.4% of the cultivated area, a pace in line with that observed in the same period last year (6.5%) and the average of the last five harvests (6.6%). On the Chicago Stock Exchange, the most active contracts for the cereal rose more than 1%. The dollar was heading towards closing the day with a gain of around 0.50%, at R$ 5.11.
This text was translated by machine from Brazilian Portuguese.