At 9:28 am (Brasilia time) this Wednesday (8), the September corn contract traded on Brazilian Stock Exchange (B3) The September futures contract was operating in stability with an upward bias (+0.03%), quoted at R$ 68.06/sack; the November contract advanced 0.11%, to R$ 71.23/sack. In the partial week, futures accumulated gains of 1.58% and 1.04%, respectively. On the previous day (8), the September contract fell 0.23%, to R$ 68.04/sack, and the November contract retreated 0.15%, to R$ 71.15/sack. In this trading session, the market is operating with lower liquidity due to the Constitutionalist Revolution holiday in the state of São Paulo, the country's main financial center. Cereal prices were supported by the delay in the second crop harvest and the prospect of increased international demand in the second half of the year, as the export window becomes more favorable for corn. Survey conducted by DATAGRO Grains As of last Friday (3), the harvest of the 2025/26 winter crop in the Center-South of Brazil reached 26.1% of the cultivated area, after a weekly advance of 7.5 percentage points. In the same period of the previous season, the work was at 29.1%; on average over the last five years, at 30.3%. Mato Grosso leads the harvesting efforts, with a pace aligned with the multi-year average, while other important producing states, such as Paraná, Minas Gerais, Goiás and Mato Grosso do Sul, are experiencing delays. DATAGRO Grãos projects that Brazil will harvest 112.4 million tons of corn in this second crop, a volume 5% lower compared to the last cycle. On the Chicago Board of Trade (CBOT), corn futures fell almost 1%, giving back some of the gains that had been recorded since the 30th. The exchange rate was stable, close to R$ 5.15. On the radar are the slow pace of harvesting in Argentina, although production performances are better this year, and the development of the 2026/27 crop in the United States.
This text was translated by machine from Brazilian Portuguese.