The September corn contract traded on Brazilian Stock Exchange (B3) The market closed this Wednesday (5) with a moderate decrease of 0.51%, quoted at R$ 68.30/sack, with an accumulated weekly decline of 1.30%. The November contract fell 0.34%, to R$ 73.00/sack, with a devaluation of 1.22% in the week. In this trading session, domestic prices were pressured by the drop of more than 1% in equivalent corn contracts in Chicago Board of Trade (CBOT)Investors also continued to monitor the progress of 2025/26 corn harvest node South Central BrazilAccording to DATAGRO GrainsAs of last Friday (31), work had reached 69.6% of the projected area, after a weekly advance of 8.1 percentage points. In the same period of the previous season, work was at 79.3% of the area, while the average for the last five years is 70.6%. In parallel, the exchange, a factor influencing the competitiveness of export-oriented grain, was operating close to stability near the end of negotiations in B3. On the radar, tomorrow (6), the Secretariat of Foreign Trade (Secex) will release final export data for the month of July.
This text was translated by machine from Brazilian Portuguese.