At 10:35 am (Brasilia time) this Monday (20), the September corn contract traded on Chicago Stock Exchange (CBOT) The September contract showed a strong increase of 7.50 points and 1.69%, quoted at US$ cents 452.25/bushel; the December contract rose 8.25 points and 1.76%, to US$ cents 475.75/bushel. On Friday (17), the September contract advanced 0.74%, to US$ cents 444.75/bushel, closing the week with an accumulated gain of 1.19%. The December contract recorded an increase of 0.75%, to US$ cents 467.50/bushel – with a weekly appreciation of 1.41%. This morning, cereal prices continued on an upward trajectory, supported by the persistent warm weather in parts of the US Midwest. The National Weather Service has issued heat warnings for today covering areas from Minnesota to the Gulf Coast. Temperatures are expected to reach 43.3°C in some parts of Iowa.
It also supported strong international demand: recently, US exporters reported to United States Department of Agriculture (USDA) a sale of 100,000 tons of corn for the Colombia, with delivery scheduled for the 2026/27 marketing year. Oil, which directly influences the competitiveness of US corn-based ethanol, was volatile this morning, with the market focused on the conflict in the Middle East. Later, the USDA will release its weekly export report and an updated bulletin on the conditions and development stages of US crops. Ongoing harvests in Brazil and Argentina remain under observation.
This text was translated by machine from Brazilian Portuguese.