Image: Adobe Stock
Corn futures prices continue to decline on the Brazilian Stock Exchange (B3) throughout this Wednesday (26). The main prices fluctuated in the range between R$ 56.69 and R$ 67.75 at around 1:42 pm (Brasília time).
The September/23 maturity was quoted at R$ 56.69 with a drop of 1.15%, November/23 was worth R$ 60.65 with a loss of 1.22%, January/24 was traded at R$ 64.14 with a devaluation of 1.40% and March/24 had a value of R$ 67.75 with a low of 0.67%.
{module Form RD}
External market
Negative movements were also present on the Chicago Stock Exchange (CBOT) for international corn futures prices, which fell around 1:31 pm (Brasília time).
The September/23 maturity was quoted at US$ 5.39 with a devaluation of 17.75 points, December/23 was worth US$ 5.47 with a loss of 17.50 points, March/24 was traded at US$ 5.58 with a drop of 16.75 points and May/24 had a value of US$ 5.64 with a drop of 15.75 points.
According to information from the international website Successful Farming, corn futures contracts will fall this Wednesday, as will wheat, but in contrast to the movements recorded for soybeans in Chicago.
“It appears that the market is slowly losing the support it received from the end of the Black Sea grains agreement as we look at the weather forecast. Weather models have shifted to wetter over the next 10 days and temperatures are expected to return to more moderate levels next week. This will be the story to watch unless there are more big stories coming out of the Black Sea region,” said Jeremy McCann, account manager at Farmer's Keeper in a post shared by Successful Farming.
Source: Guilherme Dorigatti | Notícias Agrícolas
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