The September corn contract traded on Brazilian Stock Exchange (B3) The November contract closed this Thursday (23) with a moderate increase of 0.96%, quoted at R$ 70.78/sack, with a partial accumulated weekly gain of 2.76%. The November contract advanced 0.86%, to R$ 74.74/sack, with an appreciation of 2.81% in the week. In this trading session, domestic prices were driven by the rise in equivalent corn contracts in Chicago Board of Trade (CBOT)…as well as the appreciation of the exchange rate, which favors the export of Brazilian grain. The delay in the harvest of the 2025/26 corn crop in Argentina also provided some support to prices, reaching 66.8% of the cultivated area last week, according to… Buenos Aires Grain Exchange (BCBA)The pace is 17.2 percentage points lower than the previous cycle and 6.7 percentage points below the average of the last 10 campaigns. According to monitoring by DATAGRO Grains from the harvest of the 2025/26 winter corn crop node South-Central BrazilAs of the 17th of this month, planting has reached 50.3% of the cultivated area, a pace below last season (56.4%) and lower than the multi-year average (51.7%). 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.