At 9:39 am (Brasilia time) this Thursday (21), the July corn contract traded on Brazilian Stock Exchange (B3) The July futures contract was operating in stability with a downward bias (-0.07%), quoted at R$ 66.91/sack. The September contract also showed a negative trend (-0.04%), at R$ 69.80/sack. However, for the week, futures accumulated partial gains of 0.16% and 0.24%, respectively. On the previous day (20), the July contract fell 0.45%, to R$ 66.96/sack, while the September contract closed with an upward bias (+0.04%), at R$ 69.83/sack. This morning, domestic prices were pressured by the decline in equivalent corn contracts in Chicago Board of Trade (CBOT)Larger losses, however, were limited by the advance of exchangeThis factor increases the competitiveness of Brazilian grain destined for export. In the field, the winter crop is in its final stages of development, with harvesting expected to begin in the coming weeks, which tends to increase the availability of corn in the Brazilian market. DATAGRO Grains It projects that production should exceed 112 million tons, a slight decrease of 5% compared to the previous season. Adding the first crop, Brazil should produce 141.2 million tons of the cereal in the 2025/26 season, a decrease of only 1% compared to the previous cycle.
This text was translated by machine from Brazilian Portuguese.