At 9:40 am (Brasilia time) this Tuesday (4), the September corn contract traded on Brazilian Stock Exchange (B3) It was operating with a slight decrease of 0.39%, quoted at R$ 68.46/sack. The November contract retreated 0.34%, to R$ 73.30/sack. Yesterday (3), the September contract fell 0.68%, to R$ 68.73/sack, while the November contract yielded 0.47%, to R$ 73.55/sack. This morning, domestic prices extended the losses recorded the previous day, pressured by the decline in the cereal on the Chicago Board of Trade (CBOT). The dollar is operating stable this morning, at R$ 5.08. Also weighing on prices was the increase in domestic supply, as the winter corn harvest gains strength in the Center-South of Brazil. According to a survey by DATAGRO GrainsThe work is practically finished in Mato Grosso and nearing the halfway point in Paraná and Goiás. On the radar are the completion of the harvest in Argentina and the development of the new crop in the United States.
This text was translated by machine from Brazilian Portuguese.