Corn retreats on B3 and in Chicago

The corn futures market closed lower this Monday (13), following the decline in the dollar and prices in Chicago. According to TF Agroeconômica, the main contracts realized part of the profits accumulated in the previous week, also reflecting the external scenario of lower buying appetite and the advancement of the U.S. harvest. According to Cepea, the Brazilian physical market (spot) is starting to regain the pace of business, with the ESALQ/BM&FBovespa Indicator (Campinas/SP) returning to operate close to R$ 65 per 60 kg bag. Researchers point out that the recent boost came from the retraction of sellers and a punctually heated demand. The return of rains in the South and Midwest regions brought relief to the planting of the summer crop, but also made it difficult to advance field activities. In addition, exports in September maintained a good pace, sustaining prices both at ports and in the interior of the country. On B3, futures prices closed mixed: the November/25 contract ...