At 9:21 am (Brasilia time) this Wednesday (5), the September corn contract traded on Brazilian Stock Exchange (B3) The September contract was operating with a slight decrease of 0.41%, quoted at R$ 68.37/sack; the November contract retreated 0.19%, to R$ 73.11/sack. In the accumulated week, the maturities accumulated losses of 1.20% and 1.07%, respectively. Yesterday (4), the September contract depreciated 0.11%, quoted at R$ 68.65/sack, while the November contract fell 0.40%, to R$ 73.25/sack. This morning, domestic prices were pressured by the fall in equivalent corn contracts in Chicago Board of Trade (CBOT)Furthermore, the devaluation of exchangeThis factor, which reduces the competitiveness of grain destined for export, also contributed to the negative outlook. The advance of 2025/26 corn harvest node South Central Brazil This also put pressure on grain prices, despite the pace of activity being slower compared to previous seasons. According to a survey by DATAGRO GrainsAs of last Friday (31), work had reached 69.6% of the projected area, after a weekly advance of 8.1 percentage points. In the same period of the previous season, work was at 79.3% of the area, while the average for the last five years is 70.6%. On the radar, tomorrow (6), the Secretariat of Foreign Trade (Secex) will release final export data for the month of July.
This text was translated by machine from Brazilian Portuguese.