The December/26 corn contract traded on Chicago Board of Trade (CBOT) The price of corn closed this Tuesday (1st) with a strong increase of 8.25 points and 1.53%, quoted at US$ cents 546.00/bushel; the March/27 contract rose 8.00 points and 1.45%, to US$ cents 560.25/bushel. After starting the day lower, with the market taking profits, cereal prices ended up gaining strength, supported by the surge of more than 5% in oil on the international market. The appreciation of fossil fuels increases the competitiveness of North American ethanol produced from corn. Uncertainties about the new North American harvest also provided support. In a daily bulletin published earlier, the United States Department of Agriculture pointed out that the heat of the end of summer is favoring the maturation of crops. On August 30, 13% of North American corn crops had already reached full maturity, a pace in line with the average of recent years. Regarding crop conditions, 57% were classified as good/excellent, a stable percentage compared to the previous week, but 12 pp below that recorded in the same period of 2025. Another 26% are in fair condition and 17% were assessed as poor/very poor. "Today's maximum temperatures reached approximately 38°C in areas north and central Illinois. Storms are showing moderate activity in the northern Corn Belt, with a gradually increasing risk of severe weather events," says the USDA. On the radar, the completion of the winter corn harvest in the Center-South of Brazil. A survey conducted by DATAGRO Grãos up to last Friday (28) shows that the work has exceeded 95%, while the planting of the 2026/27 summer crop has already begun punctually in the South region of the country. In Argentina, the 2025/26 harvest is nearing 90% completion, with local agricultural entities projecting a record production volume, despite delays caused by high crop humidity.
This text was translated by machine from Brazilian Portuguese.