The September corn contract traded on Brazilian Stock Exchange (B3) closed this Monday (27) with a significant drop of 2.03%, quoted at R$ 69.15/sack; the November contract recorded a decline of 2.07%, to R$ 73.35/sack. In this trading session, domestic prices suffered pressure from the sharp drop of more than 2.5% in equivalent contracts in Chicago Board of Trade (CBOT)However, greater losses were limited by the appreciation of exchangeThis factor increases the competitiveness of Brazilian corn traded on the international market. Negotiations are nearing their end. B3The dollar was up 0.57% at R$ 5.10. Data released today by Secretariat of Foreign Trade (Secex) and analyzed by DATAGRO Grains Data shows that Brazil shipped 561,200 tons in the week ending July 24, a volume 110.2% higher than the 267,000 tons shipped the previous week. 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. Brazilian shipments of the cereal 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. Survey conducted by DATAGRO Grains As of the 10th of this month, work has already surpassed 50% of the cultivated area, a pace slower than last season and below the multi-year average. DATAGRO Grains It is projected that Brazil will harvest 112.5 million tons of corn in this second crop of 2026, a volume 5% lower compared to the last cycle.
This text was translated by machine from Brazilian Portuguese.