At 10:15 am (Brasilia time) this Thursday (11), the July corn contract traded on Chicago Stock Exchange (CBOT) The July futures contract showed a moderate decrease of 2.25 points and 0.54%, quoted at US$ cents 416.75/bushel; the September contract fell 2.50 points and 0.58%, to US$ cents 425.25/bushel. For the week, futures accumulated losses of 0.18% and 0.41%, respectively. Yesterday (10), the July contract fell 0.12%, to US$ cents 419.00/bushel, while the September contract rose 0.06%, to US$ cents 427.75/bushel. This morning, cereal prices were pressured by predominantly favorable conditions for the development of the 2026/27 crop in the Corn Belt. The National Weather Service (NWS) points to rainfall today in several agricultural areas, including some points in Iowa and Illinois, although some of this precipitation should be accompanied by severe weather conditions. Also putting pressure on prices was the strengthening of the dollar against major global currencies and the devaluation of oil in the international market, after Reuters reported that the United States and Iran had intensified efforts to reach a peace agreement, despite the recent exchange of attacks between the countries. A short while ago, the U.S. Department of Agriculture (USDA) released data showing that export sales for the 2025/26 crop year totaled 1.0 million tons in the week ending June 4th, a volume 13% higher than the previous week, but 15% below the average of the last four weeks. Net sales for the 2026/27 crop year totaled 926,900 tons in the period. Later, at 1 p.m., the USDA will publish the monthly supply and demand report (WASDE); the Drought Monitor, an important indicator showing the incidence of drought on U.S. crops, is also scheduled for today. The start of the winter corn harvest in the Center-South region of Brazil remains on the radar, as well as the progress of fieldwork in Argentina, which is more advanced.
This text was translated by machine from Brazilian Portuguese.