Corn closes down on B3 and in Chicago

According to TF Agroeconômica, the corn futures market on B3 closed Tuesday (13) with mixed behavior, still reflecting the seasonal pressure of the beginning of the second-crop harvest. The scenario of ample supply, combined with the expectation of new supply and demand data that will be released by Conab this week, keeps prices falling. Despite the export agreements with China, there has not yet been a significant impact on the domestic market. Cepea highlighted that the advance of the summer corn harvest and the good weather conditions for the second crop are reducing buyers' interest in purchasing new lots, which contributes to the decline in prices. At the close of B3, the July/24 contract fell R$1.54, to R$62.04; September/24 fell R$0.80, closing at R$63.78; and September/25 fell R$0.26, to R$67.53. The week's declines were as high as R$3.22. In the international market, corn traded on the Chicago Board of Trade (CBOT) also fell, driven by the accelerated planting in the ...