Corn retreats on B3 and in Chicago with caution

Corn prices ended lower on Thursday, reflecting profit-taking and anticipation of details from the recent meeting between the presidents of the United States and China. According to data from TF Agroeconômica, the market remains attentive to potential trade developments, especially after the absence of specific mentions of corn during the summit. On B3, the main futures contracts closed down, following the negative movement observed on the Chicago Stock Exchange. The November/25 expiration closed at R$ 67.71, down R$ 0.70 for the day and up R$ 0.45 for the week. The January/26 contract closed at R$ 71.12, down R$ 0.52 for the day but still up R$ 0.40 for the week. The March/26 expiration ended at R$ 72.83, down R$ 0.35 for the day and up R$ 0.57 for the week. In Chicago (CBOT), corn showed similar behavior, with the December contract closing down 0.81%, priced at US$ 4.30/bushel, while the March expiration fell 0.67%, to US$ 4.43/bushel. The American market maintained a cautious ...