Stock Market: Corn closes the week higher in Brazil

The futures market for corn on B3 ended the week on the rise, benefiting from the appreciation of the dollar and the increase in trade tensions between the US and China, according to TF Agroeconômica. The contracts for November/25, January/26, and March/26 closed at R$ 67.88, R$ 70.04, and R$ 71.87, registering weekly increases of R$ 1.90, R$ 1.56, and R$ 0.93, respectively. In the physical market, the Cepea average also showed gains of 0.68%, reinforcing the positive moment for Brazilian corn. Meanwhile, corn traded in Chicago (CBOT) registered a decline, with the December expiration falling 1.26% to $413.00 per bushel and March retreating 1.15%, to $429.00 per bushel. The negative movement was influenced by the increase in trade tensions between the US and China, technical sales in the grain sector, and the accelerated harvest with good weather. The absence of new official data from the US government contributed to the lack of support for international prices. The strong ...