Friday (29) begins with corn futures prices trading in positive territory on the Brazilian Stock Exchange (B3). The main prices fluctuated between R$65.12 and R$73.32 at around 10:07 am (Brasília time).

The September/25 contract was trading at R$65.12, up 0.05%, the November/25 contract was trading at R$69.04, up 0.06%, the January/26 contract was trading at R$71.45, up 0.17%, and the March/26 contract was trading at R$73.32, up 0.16%.

External Market
On the Chicago Board of Trade (CBOT), international corn futures prices also opened Friday in positive territory, registering gains around 9:44 am (Brasília time).

The September/25 contract was trading at US$3.88, up 2.75 points, the December/25 contract was trading at US$4.12, up 2 points, the March/26 contract was trading at US$4.29, up 1.75 points, and the May/26 contract was trading at US$4.39, up 2 points.

According to the international website Farm Futures, corn prices in Chicago are still responding to demand-side optimism.

"Despite expectations of a record harvest, this figure may already be priced in, as traders have remained focused on demand in recent sessions. The USDA (United States Department of Agriculture) reported another solid round of export sales in its latest report on Thursday, which helped traders engage in a round of technical buying during the session," said Ben Potter, analyst at Farm Futures.

In yesterday's USDA export report, combined old- and new-crop sales reached 81.6 million bushels for the week ending August 21. This figure is near the upper end of analysts' estimates, which ranged from 39.4 million to 108.3 million bushels. Mexico was the top destination, with 24.4 million bushels, and cumulative sales for the 2024/25 marketing year reached 2.621 billion bushels.

Source: Notícias Agrícolas