At 9:27 am (Brasilia time) this Friday (19), the July corn contract traded on Brazilian Stock Exchange (B3) It was operating with a slight decrease of 0.25%, quoted at R$ 63.77/sack. The September contract fell 0.52%, to R$ 66.68/sack. In the partial week, the contracts accumulated losses of 0.45% and 0.22%, respectively. On the previous day (18), the July contract closed with a downward bias (-0.02%), at R$ 63.93/sack, while the September contract fell 0.37%, to R$ 67.03/sack. On a day of lower liquidity due to Trading suspended on the Chicago Board of Trade (CBOT).domestic prices were pressured by the devaluation of the exchangeThis factor reduces the competitiveness of corn destined for export, and is compounded by the gradual increase in domestic supply as the winter harvest begins to gain momentum in the Center-South of Brazil. (Survey conducted by…) DATAGRO Grains as of last Friday (12) shows that work has reached 6.4% of the cultivated area, in line with what was observed in the same period last year (6.5%) and the average of the last five harvests (6.6%).
This text was translated by machine from Brazilian Portuguese.