At 9:41 am (Brasilia time) this Wednesday (20), the July corn contract traded on Brazilian Stock Exchange (B3) It was operating with a slight decrease of 0.43%, quoted at R$ 66.97/sack, but with an accumulated weekly gain of 0.25%. The September contract retreated 0.27%, to R$ 69.61/sack, stable in the partial week. Yesterday (19), the contracts closed the day without a defined direction: the July contract advanced 0.28%, to R$ 67.26/sack; while the September contract fell 0.09%, to R$ 69.80/sack. This morning, domestic prices were pressured by the decline in equivalent corn contracts in Chicago Board of Trade (CBOT), as well as by the devaluation of exchangeThis factor reduces the competitiveness of Brazilian corn destined for export. Investors are closely monitoring fieldwork, especially the imminent start of the harvest. winter corn node South-CentralThis should increase the domestic availability of the grain in the coming months. Harvesting of the first crop, meanwhile, is practically complete in the main producing states of southern Brazil, with only a few areas remaining to be harvested in… Goiás and Minas GeraisSurvey conducted by DATAGRO Grains As of last Friday (15), work has reached 91.0% of the projected area for the Center-South of Brazil, after advancing 2.7 percentage points (pp) in seven days. In the same period last year, it was at 98.0%; on average over the last five years, it was at 98.1%.
This text was translated by machine from Brazilian Portuguese.