The July corn contract traded on Brazilian Stock Exchange (B3) The Brazilian corn futures contract closed this Tuesday (19) with a slight increase of 0.28%, quoted at R$ 67.26/sack. Conversely, the September contract ended the day stable with a downward bias (-0.09%), at R$ 69.80/sack. In this trading session, domestic prices received support from the appreciation of the exchange rate, a factor that increases the competitiveness of Brazilian corn destined for export. At the same time, the slight retraction of corn traded on the Chicago Stock Exchange weighed on national prices. Investors were focused on the field, especially on the imminent start of the harvest. winter corn node South-CentralThis should increase the domestic availability of the grain in the coming months. Harvesting of the first crop, meanwhile, is practically complete in the main producing states of southern Brazil, with only a few areas remaining to be harvested in… Goiás and Minas GeraisSurvey conducted by DATAGRO Grains As of last Friday (15), work has reached 91.0% of the projected area for the Center-South of Brazil, after advancing 2.7 percentage points (pp) in seven days. In the same period last year, it was at 98.0%; on average over the last five years, it was at 98.1%.
This text was translated by machine from Brazilian Portuguese.