Brazil: Corn contracts close mixed on B3

Updated Sep 25, 2023
On the São Paulo Commodities Exchange (B3), corn contracts close in a mixed field this Friday, but the weekly balance is negative, according to information released by TF Agroeconomic. “Corn contracts closed in a mixed field this Friday, where maturities between November/23 and March/24 showed timid valuations; and maturities between May/24 and September/24 small devaluations”, he comments. “In view of this price variation, we see the prospect of greater export numbers – since the price of Brazilian grain is highly competitive, especially when it comes to European destinations – and, on the other hand, a bearish outlook for contracts with longer maturities. distant, in front of a record panorama of American harvest. Movement, however, was timid”, he adds. Given this situation, future prices closed mixed. “The maturity date for November/23 was R$56.91, an increase of R$0.15 on the day, a low of R$-1.18 for the week; January/24 closed at R$60.87, up R$0.06 on the day, down R$-0.85 ...
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