At 10:05 am (Brasilia time) this Wednesday (3), the March corn contract in Chicago Board of Trade (CBOT) The price of corn registered a moderate decline after falling 3.00 points and 0.67%, trading at US$ 447.00 cents/bushel, but with an accumulated loss of 0.17% for the week. The May contract retreated 2.75 points and 0.60%, to US$ 454.75 cents/bushel – a weekly loss of 0.22%. Yesterday (2), the March corn contract advanced 5.00 points and 1.12%, quoted at US$ 450.00/bushel; and the March futures rose 4.25 points and 0.94%, to US$ 457.50/bushel. In this trading session, prices were pressured by the approaching end of the record harvest period in the United States for the 2025/26 crop, increasing the supply of the cereal. On the other hand, avoiding greater losses, the WTI crude oil It was trading higher, by more than 1%, in New York Stock Exchange (Nymex)This increases the competitiveness of corn-based ethanol. Furthermore, the devaluation of the dollar against major global currencies, with a 0.34% drop in the DXY, favored US exports. Geopolitical tensions also favored US grain shipments, as Russian President Vladimir Putin threatened to cut off Ukraine's access to the sea if attacks against Russian-linked vessels continued.
This text was translated by machine from Brazilian Portuguese.