Corn market closes higher on exchanges

The corn market registered an increase in the main exchanges this Thursday, in a movement influenced by the external scenario, the exchange rate, and adjustments in crop estimates. In the analysis by TF Agroeconômica, the quotes reacted to the combination of a firm dollar, advances in Chicago, and a revision of the national production. On B3, the futures contracts closed in elevation, following the performance of the CBOT and the appreciation of the US currency. The industry continues to seek to replenish stocks at a time of lower delivery volumes, as part of the producers focus efforts on the harvest and marketing of soybeans. The slight reduction in the crop estimate released by Conab also contributed to sustaining prices, reflecting climatic difficulties in some regions that may affect the ideal planting calendar for the second corn crop. In the face of this scenario, the March/26 contract ended the day quoted at R$ 70.75, with a daily increase of R$ 0.78 and a weekly advance ...