Corrections mark the corn market on B3

The corn market presented mixed behavior on B3 over the last session, reflecting technical adjustments and spot purchase movements, in a scenario still marked by supply pressure. According to analysis by TF Agroeconômica, the futures contracts underwent correction, with an increase for safrinha corn and a decrease for the second crop, a dynamic similar to that observed in the weekly accumulation. Despite the short-term oscillation, the monthly performance remained negative, mainly influenced by the high passing stocks and the advance of the safrinha corn harvest. The punctual appreciation of the nearest contracts aimed to stimulate greater sales in the physical market, while the downward movement in the month reflects a more comfortable supply environment. In January, corn traded on B3 for March accumulated a drop of 7.58%, equivalent to R$ 5.75, while the Cepea average fell 4.89%, or R$ 3.40. In the same period, the dollar showed a depreciation of 4.39% and corn in Chicago fell ...