Corn prices rose in March both in the international market and in Brazil, mainly driven by the appreciation of oil and uncertainties in the global geopolitical landscape. The data is part of the Monthly Agro Report, released by Itaú BBA's Agro Consultancy, which also points to the influence of production costs in price formation. On the Chicago Board of Trade (CBOT), corn showed an average appreciation of 5.3% in March, reaching USD 4.53 per bushel. The main supporting factor was oil at higher levels, which improves the profitability of ethanol plants in the United States and increases demand for the cereal. In addition, the market remained attentive to tensions in the Middle East and the impact of input costs on the 2026/27 crop, which helped to keep prices firm throughout the month. At the beginning of April, the international scenario changed. The drop in oil, combined with signs of easing tensions between the United States and Iran, reduced the support for corn through the ...