Corn market reflects weather and slow pace at year-end

The corn market started the week with a cautious behavior, reflecting climatic factors and the slower pace of negotiations typical of the end of the year. On B3, futures contracts ended the day with mixed performance, moving contrary to the dollar and the Chicago Stock Exchange, while agents monitor both the evolution of crops and the demand scenario in the domestic and external markets. According to analysis by TF Agroeconômica, the improvement of water conditions in some producing regions and the reduction in the volume of business during this period pressured futures prices and also the physical market. Surveys by Cepea indicate that corn prices continue to fall in certain markets, influenced by the decrease in demand, as some consumers signal a return to purchases only in January. In the field, attention remains focused on the summer crop. After a period of drought, the return of rains brought relief to producers, favoring the development of crops and raising expectations for ...