Corn shows mixed behavior

The corn futures market showed mixed behavior this Tuesday (15), directly influenced by currency movements and Conab's estimates. According to TF Agroeconômica, the shorter contracts on B3 appreciated following the rise in the dollar and prices in Chicago, while the longer maturities underwent a slight correction, reflecting expectations of higher carryover stocks in the coming harvests. On B3, the November/25 contract closed at R$ 67.80, with a daily increase of R$ 0.57 and a weekly increase of R$ 1.40. The January/26 maturity closed at R$ 70.28, with a daily advance of R$ 0.86 and a weekly advance of R$ 1.73. The March/26 contract was traded at R$ 72.03, rising R$ 0.83 on the day and R$ 0.86 on the week. The movement reflects the balance between the exchange rate impulse and projections of higher domestic grain supply. In Chicago (CBOT), corn prices also closed mixed, with a slight increase in most contracts amid heated demand, but pressured by values still considered low. The ...