At 9:32 am (Brasilia time) this Tuesday (28), the September corn contract traded on Brazilian Stock Exchange (B3) It showed a slight increase of 0.22%, quoted at R$ 69.30/sack; the November contract was operating in stability with an upward bias (+0.04%), at R$ 73.34/sack. Yesterday (27), the September and November contracts fell 2.03% and 2.07%, to R$ 69.15/sack and R$ 73.35/sack, respectively. This morning, domestic prices were supported by the advance of equivalent contracts in Chicago Board of Trade (CBOT)Furthermore, the appreciation of exchangeThis factor, which increases the competitiveness of Brazilian corn traded on the international market, also contributed to the positive outlook. According to data released yesterday by Secretariat of Foreign Trade (Secex) and analyzed by DATAGRO Grains Data shows that Brazil shipped 561,200 tons in the week ending July 24, a volume 110.2% higher than the 267,000 tons shipped the previous week. However, this amount is still well below the weekly average of 1.427 million tons needed to reach the total projected target. DATAGRO Grains for exports in the 2026/27 marketing year. Domestic shipments of the grain are expected to gain momentum in the second half of this year, taking the place of soybeans at ports, as the second crop harvest progresses in the Center-South of Brazil. Survey conducted by DATAGRO Grains As of the 17th of this month, work has already surpassed 50% of the cultivated area, a pace slower than last season and below the multi-year average. DATAGRO It is projected that Brazil will harvest 112.5 million tons of corn in this second crop of 2026, a volume 5% lower compared to the last cycle.
This text was translated by machine from Brazilian Portuguese.