Corn retreats in the Brazilian market and rises in Chicago

The corn market exhibited distinct behaviors this Thursday, with a drop in prices on the Brazilian exchange and a rise in international quotations, according to information from TF Agroeconômica. The scenario reflects recent adjustments in climatic, exchange rate, and demand variables, which continue to influence short-term price formation. On B3, the main futures contracts ended the day in decline. Quotations settled after the occurrence of rains, gradually reducing the climate risk premium that had been sustaining prices. There is still attention to the delay in soybean planting, a factor that may impact the ideal window for second-crop corn, but the market has started to react more cautiously. The accommodation of the dollar after the recent jolt, driven by political factors, also pressured the physical market in the interior of the country. Despite this, ports continue to take advantage of the US dollar above R$ 5.40 to offer better prices. In this context, the January/26 ...