Corn rises on B3 and in Chicago with heated demand

Corn closed higher on Thursday (17) in the main exchanges, supported by the increase in domestic and external demand. According to information from TF Agroeconômica, prices have been recovering throughout the week, driven by the good pace of exports and the firm demand from the ethanol industry in Brazil. The movement was reinforced by the appreciation in Chicago, which added an extra boost to negotiations in the domestic market. On B3, futures contracts closed higher. The November/25 expiration was quoted at R$ 67.93, registering a gain of R$ 0.42 on the day and R$ 0.69 on the week. The January/26 contract rose to R$ 70.68, up R$ 0.21 on the day and R$ 1.25 on the week, while the March/26 contract closed at R$ 72.32, with an increase of R$ 0.12 on the day and R$ 0.37 on the week. The National Association of Cereal Exporters (Anec) raised its projection for October shipments to 6.459 million tons, which represents an increase of 6.58% over the previous estimate. In Chicago, the ...