Corn has adjustments on B3 and Chicago starts the week mixed

The corn market started the week oscillating between internal and external factors that kept prices unstable. According to TF Agroeconômica, B3 followed the behavior observed in Chicago and ended Monday with distinct variations among the main maturities, influenced by the drop in the dollar and the punctual movement of demand. Data from Cepea indicate that domestic demand remains limited, while shipments destined for abroad registered an advance of 7.6 percent in the weekly average for November. The consultancy highlights that the retraction of sellers, still concentrated on the sowing of the summer crop, sustains prices in various regions monitored by Cepea. Negotiations occur only for the replenishment of stocks, in a scenario where the international market remains pressured by expectations of higher global production between 2024/25 and 2025/26. Even so, the declines were softened by consistent demand for U.S. corn, while Secex points to more intense Brazilian exports in the ...