Corn has a day of correction on B3 and a rise in Chicago

Corn closed Friday (23) with divergent performance between B3 and the Chicago Board of Trade (CBOT). According to TF Agroeconômica, the day was negative in the Brazilian market, marked by a correction in the prices of the shorter contracts, while the longer maturities remained virtually stable. The difference between the physical and futures market, which had been minimal at the beginning of the month, has widened again and now reaches 2.48%. This gap can generate distortions in prices and provoke adjustments in the coming sessions. At B3, the November/25 contract closed at R$ 67.26, down R$ 1.27 on the day and R$ 0.67 lower for the week. The January/26 maturity ended at R$ 70.72, falling R$ 0.81 on the day but with a slight weekly increase of R$ 0.04. The March/26 contract finished at R$ 72.26, recording a daily decrease of R$ 0.79 and a weekly negative variation of R$ 0.06. The movement reflects the natural accommodation of prices after recent appreciations and the expectation ...