At 9:50 am (Brasilia time) this Tuesday (1st), the September corn contract traded on Chicago Stock Exchange (CBOT) The price of corn registered a strong increase of 4.75 points and 1.14%, quoted at US$ cents 421.50/bushel; the December contract rose 4.75 points and 1.09%, to US$ cents 440.75/bushel. On the previous day (30), the July contract advanced 2.67%, to US$ cents 412.75/bushel, and the September contract appreciated 1.58%, to US$ cents 416.75/bushel. In June, on the other hand, futures accumulated losses of 7.61% and 8.56%, respectively. This morning, cereal prices continue on an upward trajectory, supported by the smaller planted area in the 2026/27 crop and the increase in temperatures in important producing states. According to data released yesterday by the United States Department of Agriculture (USDA), American producers planted 38.57 million hectares of corn in the 2026/27 crop year, a 3% reduction compared to the previous season. Compared to the previous crop year, the planted area decreased or remained unchanged in 40 of the 48 states considered in the survey. The USDA also estimates that, of the total corn area, only 35.37 million hectares will be harvested, a 4% decrease compared to the 2025/26 cycle. Regarding the weather, according to information from the National Weather Service (NWS), hot and dry weather will persist in the eastern half of the US, with extreme heat warnings in effect from Kansas to the East Coast. Temperatures are expected to exceed 42°C in southern Missouri and southern Illinois, and surpass 44°C in central Indiana. However, further gains were limited by the fall in oil prices on the international market, a factor that reduces the competitiveness of US ethanol produced from corn. The DXY, an index that compares the strength of the dollar against major global currencies, rose 0.25%.
This text was translated by machine from Brazilian Portuguese.