Climate and exchange rate determine the rhythm of corn at the beginning of the week

According to an analysis released this Monday (8) by Grão Direto, the corn market began the week reflecting the interaction between external volatility and domestic adjustments linked to weather and exchange rates. According to the report, "the closing of the last week indicated some fragility of the contracts," influenced by the expectation surrounding the next USDA report and the downward movement observed in grains. The document points out that, in the first days of the week, international prices tend to remain sensitive to the formation of expectations about the global supply. The specialist states that the market should maintain "a sideways or slightly pressured behavior," while awaiting new official data. However, he highlights that an "interim technical adjustment" is not ruled out, without indicating a change in trend. In the climatic field, the report states that this factor tends to gain relevance as the second-crop corn calendar progresses. The analysis records ...