At 9:41 am (Brasilia time) this Thursday (25), the July corn contract traded on Brazilian Stock Exchange (B3) It was operating with a slight increase of 0.25%, quoted at R$ 64.30/sack, with an accumulated appreciation of 0.61% in the partial week. The September contract advanced 0.31%, to R$ 67.70/sack, with an accumulated weekly gain of 1.30%. On the previous day (24), futures rose 0.45% and 0.43%, to R$ 64.14/sack and R$ 67.49/sack, respectively. In this trading session, domestic prices were supported by the appreciation of exchangeThis factor increases the competitiveness of corn destined for export. However, greater gains were limited by the decline in equivalent corn contracts in the market. Chicago Board of Trade (CBOT)in the United States. Market participants continue to monitor the winter corn harvest in the Central-South region of BrazilSurvey conducted by DATAGRO Grains As of last Friday (19), it shows that work has reached 11.7% of the cultivated area, a pace in line with last season and the average of the last five years. The consultancy projects that 112 million tons will be harvested in this second crop, a 5% drop compared to the last cycle.
This text was translated by machine from Brazilian Portuguese.