The July corn contract traded on Brazilian Stock Exchange (B3) The contract closed this Tuesday (16) with a moderate decrease of 0.57%, quoted at R$ 63.98/sack. On the other hand, the September contract closed stable with an upward bias (+0.07%), at R$ 67.00/sack. In this trading session, domestic cereal prices were pressured by the decline in equivalent contracts in Chicago Board of Trade (CBOT)On the other hand, it ended up supporting the appreciation of the appreciation of exchange, a factor that increases the competitiveness of grain destined for export – near the end of negotiations in B3Meanwhile, the dollar rose almost 0.50% to R$ 5.08. Market participants also continued to monitor the progress of… 2025/26 winter corn harvest node South-Central Brazil which reached 6.4% of the projected area, according to the survey conducted by DATAGRO Grains Until last Friday (12). The pace of work is similar to that observed in the same period last year (6.5%) and the average of the last five harvests (6.6%). In Mato Grosso and Paraná, the first and second largest national producers, fieldwork is at 12% and 1.8%, respectively. Last week, harvesting also began in the states of Goiás, Mato Grosso do Sul, Minas Gerais and São Paulo. DATAGRO Grains It is projected that 112.3 million tons of corn will be harvested in the winter crop, representing a 5% decrease compared to the previous season. However, a large part of this loss should be offset by the summer crop, whose production jumped 14%, to 28.9 million tons, in the 2025/26 cycle.
This text was translated by machine from Brazilian Portuguese.