Cold front forecast raises corn price
According to researchers from the Center for Advanced Studies in Applied Economics (Cepea), domestic corn prices increased again last week, interrupting the downward movement observed by the market in recent days, due to the forecast of a cold front in some producing regions. This scenario has limited the pace of internal business.
In addition, the prices were also driven by the external highs of cereal, which, in turn, rose in light of official estimates indicating a possible drop in global production due to the unfavorable climate in the United States and difficulties in light of the war in Ukraine.
On Friday (13), corn futures in B3 rose up to 2.59%, as was the case with the July/22 contract, which closed the day at BRL 96.58 per bag. In the most distant maturities, the indicatives remain above BRL 100.00 and accumulate good gains in the weekly balance sheet.
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