The price of corn falls in Brazil with the drop in the dollar and the advancement of the harvest, according to TF Agroeconômica

The corn market started the day under pressure in Brazil, with a drop in prices influenced by external factors, currency exchange rates, and the advancement of domestic production. This analysis is from TF Agroeconômica. According to the consultancy, the current environment combines higher domestic supply, improved weather conditions in some producing regions, and a loss of competitiveness in exports, which has been weighing on prices. One of the main pressure factors is the behavior of the foreign exchange market. The dollar has returned to trading near R$ 5.10, remaining at lower levels — which reduces the attractiveness of Brazilian corn in the international market. With the US dollar weakened against the real, exporters face tighter margins, decreasing the pace of foreign business and increasing the supply available in the domestic market. On B3, corn futures contracts closed the last trading session in decline, following the negative movement of the Chicago Stock Exchange and ...