According to information from TF Agroeconômica, corn futures contracts on B3 closed higher on Tuesday (27), driven by the announcement that the outbreak of avian flu in the municipality of Montenegro (RS) had been controlled. The information was confirmed by the Minister of Agriculture, Carlos Fávaro, during a public hearing in the Senate. With this, expectations of a resumption of exports are growing, now with possible restrictions limited to Rio Grande do Sul or the affected city.

The domestic market has decoupled from international prices in Chicago and from the exchange rate. Buyers have already begun to reposition themselves in light of this new scenario. In addition, the start of the second corn harvest in Brazil, although timid, promises to increase the availability of the grain in the coming weeks, which may generate pressure on prices, but also strengthen Brazil's competitiveness against American exports.

On the B3, contracts closed higher: July/25 closed at R$64.47, with a daily increase of R$0.87 and a weekly increase of R$1.50. September/25 rose R$0.60 on the day, closing at R$69.17, accumulating a rise of R$1.52 for the week. The November/24 contract rose R$0.89, quoted at R$65.80, a weekly increase of R$1.49.

Meanwhile, on the Chicago Board of Trade (CBOT), corn closed lower, pressured by the advance of planting in the US, the second crop harvest in Brazil and the increase in European productivity, which should be 10.53% higher than in the previous season. The July price remained stable at US$459.50, while September fell 0.91%, closing at US$433.75 per bushel. US exports, although robust, fell 18.18% in the weekly comparison.

Source: Agrolink