USDA above expectations sustained corn gains in Chicago this Friday and in the weekly accumulated

Corn futures prices on the Brazilian Stock Exchange (B3) remained largely stable on Friday, with minor fluctuations between R$68.45 and R$73.21. Despite the stronger dollar, the market showed resilience. The lack of activity in the Brazilian physical market, due to the Christmas holiday, resulted in fewer transactions, with buyers seeking specific deals and producers delaying sales until the start of the year. The January/25 contract saw a slight increase, while the May/25 contract experienced a slight decrease. The Chicago Board of Trade reported positive movements in international corn futures, largely driven by the USDA's weekly sales figures. These developments represent minor gains in the North American corn market.

Friday (27) comes to an end with corn futures prices showing little movement on the Brazilian Stock Exchange (B3). The main prices fluctuated in the range between R$68.45 and R$73.21. According to the analysis by Agrinvest, even with a stronger dollar, corn futures are operating practically stable on the B3. “With the Christmas holiday, there is little business this week in the Brazilian physical market. Buyers are only in the market for specific deals and producers are offering less, trying to postpone deals until the beginning of the year. It is likely that we will see a slowdown in farmer selling this week”, say the analysts at the consultancy. Check out all the quotes for this Friday The January/25 contract was quoted at R$73.21, up 0.01%, March/25 was worth R$72.85, down 0.04%, May/25 was traded at R$71.89, stable, and July/25 was worth R$68.45, up 0.09%. In the weekly total, Brazilian cereal contracts fell 0.19% for January/25 and 0.32% for May/25, in addition to a gain of ...