The September corn contract traded on Brazilian Stock Exchange (B3) The futures contract closed this Tuesday (21) with a moderate decrease of 0.51%, quoted at R$ 69.12/sack; the November contract fell 0.20%, to R$ 73.41/sack. In this trading session, domestic prices were pressured by the devaluation of the exchange rate, which is approaching R$ 5.07, which reduces the competitiveness of Brazilian cereal exports. On the other hand, losses were reduced by the appreciation of equivalent corn assets in Chicago Board of Trade (CBOT)…as well as the delay in harvesting the 2025/26 "safrinha" crop in Brazil. Survey conducted by… DATAGRO Grains As of the 17th of this month, work has reached 50.3% of the cultivated area, a pace below last season's (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.