At 9:31 am (Brasilia time) this Tuesday (21), the September corn contract traded on Brazilian Stock Exchange (B3) It showed stability with an upward bias (+0.01%), quoted at R$ 69.49/sack; the November contract advanced 0.12%, to R$ 73.65/sack. Yesterday (20), the September and November contracts rose 0.87% and 1.18%, to R$ 69.48/sack and R$ 73.56/sack, respectively. This morning, domestic prices were supported by delay in harvesting work of the second crop in South-Central BrazilSurvey conducted by DATAGRO Grains As of the 10th of this month, work has reached 37% of the cultivated area, a pace slower than last season and below the multi-year average. DATAGRO It is projected that Brazil will harvest 112.5 million tons of corn in the second crop of 2026, a volume 5% lower compared to the last cycle. Regarding… international demand, data released yesterday by Secretariat of Foreign Trade (Secex) and analyzed by DATAGRO Grains Data shows that Brazil shipped 267,000 tons of corn in the week ending July 17, a volume below the 399,400 tons exported the previous week. This amount remains well below the weekly average of 1.397 million tons needed to reach the total estimated exports for the 2026/27 marketing year. Brazilian corn shipments are expected to gain momentum in the second half of 2026, replacing soybeans at ports as the second corn crop harvest progresses in Brazil's Center-South region. However, further gains were limited by the decline in equivalent contracts in the market. Chicago Board of Trade (CBOT), as well as by the devaluation of exchangeThis factor reduces the competitiveness of Brazilian corn traded on the international market.
This text was translated by machine from Brazilian Portuguese.