Corn has a day of correction on B3

The corn futures market closed on Tuesday (21) with mixed movement on B3, reflecting technical adjustments and external influences. According to TF Agroeconômica, the shorter contracts underwent correction, following the slight decline observed on the Chicago Stock Exchange, while the physical and export markets continue to show signs of strength. Domestic demand remains supported by the ethanol sector, which continues to increase corn consumption, in addition to the strong demand for animal feed, driven by the prices of soybean by-products and the cereal itself. The Companhia Nacional de Abastecimento (Conab) projects, however, a 1.8% smaller crop than the current one, which tends to maintain the balance between supply and demand in the medium term. At the day's closing, the November/25 contract was at R$ 68.50, with a daily decline of R$ 0.45 but a weekly increase of R$ 0.70. The January/26 expiration closed at R$ 71.30, with a daily drop of R$ 0.27 and a weekly increase of R$ ...