On the Chicago Board of Trade (CBOT), corn futures are trading with volatility in this session this Friday (14), with the main maturities trading in mixed conditions.

At around 9:11 am (Brasília time), the July/25 contract is trading with an increase of 1.00 points and is trading at US$ 4.49 per bushel. The September/25 contract is down 0.25 points and is close to US$ 4.24 per bushel, while December/25 is trading at US$ 4.38 with stability. March/26 is priced at US$ 4.53 with a slight drop of 0.50 points.

According to the United States Department of Agriculture (USDA), approximately 62% of the US corn crop was in the ground as of Sunday, compared to 40% the previous week and the average of 56% for this time of year, reported the USDA. Twenty-eight percent had already emerged, up from 11% the previous week and the average of 21%.

Regarding weather conditions, the estimate is that the Midwest could "get a little rainier next week", which should help the initial growth of recently planted beans and corn, said the Commodity Weather Group in a note to clients.

"Rainfall in parts of the Midwest and northern Delta regions will recharge soil moisture over the next 10 days", the meteorologist told Successful Farming.

B3

On the Brazilian Stock Exchange (B3), futures trading is also operating in negative territory in this Friday's (16) session. At around 09:21 (Brasília time), the July/25 contract is quoted at R$62.42 per bag with a 0.13% depreciation and the September/25 contract is priced at R$64.30 with a 0.14% drop.

According to information from Agrifatto Consultoria, prices on B3 were pressured by expectations of a full harvest, signaled by the increase in production reported by CONAB. With the harvest approaching, pressure remains present in the market in the short term.

Source: Notícias Agrícolas