The September corn contract traded on Brazilian Stock Exchange (B3) closed this Monday (20) with a moderate increase of 0.87%, quoted at R$ 69.48/sack; the November contract recorded a strong advance of 1.18%, to R$ 73.56/sack. In this trading session, domestic prices were driven by the advance of more than 1% of equivalent contracts in Chicago Board of Trade (CBOT)However, further gains were limited by the devaluation of… exchangeThis factor reduces the competitiveness of Brazilian corn traded on the international market. Near the end of negotiations in… B3The dollar was down 0.40% at R$ 5.08. Data released today by Secretariat of Foreign Trade (Secex) and analyzed by DATAGRO Grains Data shows that Brazil shipped 267,000 tons of corn in the week ending July 17, a volume below the 399,400 tons exported the previous week. This amount is still well below the weekly average of 1.397 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 reached 37% of the cultivated area, a pace below last season and lower than 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.