EN 
PT_BR 
Monday (17) comes to an end with corn futures prices accumulating new negative movements on the Brazilian Stock Exchange (B3). The main prices fluctuated in the range between R$ 72.00 and R$ 75.09.
The May/23 maturity was quoted at R$ 72.00 with a drop of 2.66%, July/23 was worth R$ 72.30 with a devaluation of 72.30%, September/23 was traded at R$ 73.00 with a loss of 2.41% and November/23 had a value of R$ 75.09 with a drop of 2.24%.
For the market analyst at Brandalizze Consulting, Vlamir Brandalizze, B3 is feeling the lack of demand from the ports and, on the domestic market side, there is a lack of interest from the feed industries, which are not operating because there is a lot of corn supply at the moment.
“The market is comfortable. Even on a day when Chicago is booming and the dollar is rising,” highlights Brandalizze.
In the first two weeks of April, Brazil registered exports of 351,072.2 tons of unmilled corn (except sweet corn), according to data released by the Foreign Trade Secretariat (Secex).
Therefore, the accumulated volume in these first 9 business days of the month represents 50.8% of the total of 690,295.8 tons that were exported throughout the month of April 2022. As a result, the daily average of shipments was 39,008 tons, which in comparison to the same period last year, represents an increase of 7.4% in relation to the 36,331.4 in the fourth month of 2022.
In the Brazilian physical market, the price of a bag of corn also had a negative first day of the week. The survey carried out by the Notícias Agrícolas team did not identify appreciation in any of the locations, but noted depreciations in Não-Me-Toque/RS, Ubiratã/PR, Londrina/PR, Cascavel/PR, Castro/PR, Marechal Cândido Rondon/PR, Pato Branco/PR, Palma Sola/SC, Sorriso/MT, Eldorado/MS, Machado/MG, Cândido Mota/SP, Porto Paranaguá/PR and Porto Santos/SP.
Check out how they turned out all quotes this monday
According to the daily analysis by Agrifatto Consultoria, “corn continues to feel the effect of the greater supply and the fall of the dollar, closing Friday being traded at an average of R$ 76.00/sc in the physical market of Campinas/SP”.
Also on Monday, Cepea released its weekly note pointing out that, given the expectation of a record 2022/23 harvest in Brazil, corn prices have been registering strong consecutive daily drops, with lows being seen since the end of March.
According to Cepea collaborators, while domestic buyers only acquire small volumes on the spot, sellers are more flexible in negotiation prices, and exporters prioritize negotiations involving soybeans.
External Market
International corn futures prices closed Monday with positive movements on the Chicago Stock Exchange (CBOT).
The May/23 maturity was quoted at US$ 6.76 with an appreciation of 10.25 points, July/23 was worth US$ 6.42 with an increase of 6.75 points, September/23 was traded at US$ 5.74 with an increase of 6.75 points and December/23 had a value of US$ 5.66 with a gain of 6.75 points.
These indexes represented appreciations, in relation to the closing of last Friday (14), of 1.50% for May/23, of 1.10% for July/23, of 1.23% for September/23 and of 1.07% for December/23.
According to information from the international website Successful Farming, corn futures prices in Chicago received support from new export figures released today by the United States Department of Agriculture (USDA).
Last week, 1,215,221 million tons were shipped, while projections ranged from 700 thousand to 1,050 million tons.
Naomi Blohm, senior market consultant at Total Farm Marketing, told Seccessful Farming that corn export inspections increased this week and brought 2023 exports a little more in line with 2022.
