How Does the War in the Middle East Interfere with Brazilian Corn Shipments?

The U.S. Department of Agriculture's (USDA) supply and demand report brought modest changes to the 2024/25 corn crop. The agency maintained production estimates for North American crops (377.63 million tons), Brazilian crops (130 million tons), and Argentine crops (50 million tons). In the market, in Chicago, the July 2025 corn contract closed at US$ 4.45 per bushel, with a slight increase of 0.68% for the week. On B3, the same month's contract fell 1.97%, closing at R$ 63.30 per sack. Physical negotiations followed downward pressures, with declines in most regions. The Grão Direto platform analysis highlights what to expect from the cereal market in the short term. Attention to a possible drop in imports by Iran, the main destination for Brazilian corn in the first half of this year. Check the main points: In the current scenario, corn quotations should continue to be pressured ...