The July corn contract traded on Brazilian Stock Exchange (B3) Brazilian corn closed this Tuesday (23) with a slight increase of 0.31%, quoted at R$ 63.85/sack; the September contract advanced 0.82%, to R$ 67.20/sack. In this trading session, cereal prices were supported by the almost 1% increase in the dollar, a factor that increases the competitiveness of Brazilian corn destined for export – near the close of trading on the B3, the exchange rate was operating at R$ 5.19. However, greater gains were limited by the devaluation of the grain traded on the Chicago Board of Trade (CBOT). The market continued to keep an eye on the winter corn harvest in the Center-South of Brazil, which is gaining more and more momentum. Mato Grosso and Paraná are leading the harvesting efforts. This week, DATAGRO Grãos presented a new survey for the 2025/26 corn season, in which it maintained the estimate for the second crop at 112 million tons, a 5% drop compared to the previous cycle. On the other hand, the consultancy raised its projection for the summer crop to 29.7 million tons, an annual increase of 17%. Data released yesterday by Secretariat of Foreign Trade (Secex) and analyzed by DATAGRO Grains Data shows that Brazil shipped 76,700 tons of corn in the week ending June 19, compared to 139,100 tons in the previous week. Brazilian corn shipments are expected to gain traction from the second half of this year, as the winter crop begins to enter the market.
This text was translated by machine from Brazilian Portuguese.