Corn closes week with adjustments between physical and futures

Published Oct 27, 2025

Tridge summary

The Brazilian corn market ended the week with mixed movements on B3, reflecting a correction in the spreads between the physical market and futures contracts. According to TF Agroeconômica, quotations up until May 2026 followed the 1.05% drop observed in Chicago and the slight weekly devaluation of the dollar by 0.24%. The difference between physical and futures prices, which had widened in recent weeks, is beginning to narrow, while the Cepea average advanced 0.20% in the weekly total.

Original content

The shorter contracts retreated slightly, in line with the external scenario. The November/25 expiration closed at R$ 67.19, down R$ 0.07 on the day and R$ 1.21 on the week. January/26 ended at R$ 70.68, down R$ 0.04 on the day and R$ 0.87 on the week. March/26 stood at R$ 72.18, with a loss of R$ 0.08 on the day and R$ 0.62 on the week. The longer positions, however, still show a slight increase, supported by prospects of lower supply in the next crop, which is in the initial planting phase. In the international market, corn futures on the Chicago Board of Trade (CBOT) declined on Friday's trading, although they closed the week with a 0.24% increase (US$ 1.00 cent/bushel). The December contract fell 1.05%, quoted at US$ 423.50/bushel, and the March contract declined 0.96%, to US$ 437.00/bushel. The daily drop reflected profit-taking after quotations reached the highest level in over a month, as well as the return of trade ...

Source: Agrolink