At 9:59 am (Brasilia time) this Wednesday (22), the September corn contract traded on Brazilian Stock Exchange (B3) The July contract was operating at a moderate high of 0.52%, quoted at R$ 69.48/sack; the November contract advanced 0.33%, to R$ 73.65/sack. In the accumulated week, the maturities registered gains of 0.87% and 1.31%, respectively. Yesterday (21), the July contract depreciated 0.51%, quoted at R$ 69.12/sack, while the September contract retreated 0.20%, to R$ 73.41/sack. This morning, domestic prices were supported by the advance of equivalent corn contracts in Chicago Board of Trade (CBOT)The appreciation of exchangeThe fact that this increases the competitiveness of Brazilian cereal exports also contributed to the positive outlook. A survey conducted by… DATAGRO Grains As of the 17th of this month, work has reached 50.3% of the cultivated area, a pace below last season (56.4%) and lower than the multi-year average (51.7%). DATAGRO Grains It is projected that Brazil will harvest 112.5 million tons of corn in this second crop of 2026, a volume 5% lower compared to the last cycle.
This text was translated by machine from Brazilian Portuguese.