At 9:39 am (Brasilia time) this Wednesday (27), the July corn contract traded on Brazilian Stock Exchange (B3) It was operating at a moderate low of 0.73%, quoted at R$ 65.67/sack, with an accumulated weekly drop of 2.28%. The September contract fell 0.71%, to R$ 68.46/sack, with a partial loss for the week of 2.09%. Yesterday (26), futures closed the day in negative territory: July fell 0.65%, to R$ 66.15/sack; while September fell 0.79%, to R$ 68.95/sack. This morning, domestic prices were pressured by the decline in equivalent corn contracts in Chicago Board of Trade (CBOT)The start of the second grain harvest is also putting pressure on prices. State agencies such as Mato Grosso Institute of Agricultural Economics (Imea) and the Department of Rural Economy (Deral) They reported that work had already begun last week in Mato Grosso and in ParanáA DATAGRO Grains The company reduced its projection for the second crop harvest from 114.2 to 112.3 million tons, representing a 5% drop compared to the previous season. However, greater losses were avoided due to the appreciation of [unclear – possibly "the price"]. exchange, a factor that increases the competitiveness of Brazilian corn destined for export.
This text was translated by machine from Brazilian Portuguese.