Corn retreats on B3 and in Chicago due to pressure from the dollar.

The corn futures market closed Thursday (6) with a mixed performance on B3, reflecting the drop in prices in Chicago and the impact of the exchange rate on the domestic scenario. According to TF Agroeconômica, the nearest contracts followed the international devaluation and the dollar's decline, while the longer-term maturities found some support in the climatic uncertainties and the delays in the planting of the first corn and soybean crop in Brazil. On the Brazilian exchange, the November/25 contract closed at R$ 68.22, down R$ 0.22 on the day but up R$ 0.51 for the week. The January/26 maturity fell R$ 0.31, closing at R$ 71.47, with a weekly gain of R$ 0.35. The March/26 contract ended the trading session at R$ 72.94, down R$ 0.21 for the day and up slightly by R$ 0.11 for the week. The movement shows a cautious market, attentive to the progress of planting and the forecasts of rain for the Midwest. In Chicago (CBOT), corn prices fell pressured by the weak performance of wheat ...