Corn market seeks balance amid the harvest

Prices continue to face resistance in staying above R$ 70.00 per bag

The corn showed modest movements throughout the week, reflecting a balance between supply and demand in both domestic and international markets. According to an analysis by TF Agroeconômica, futures contracts traded on B3 closed lower on Friday, although the weekly average indicated a mostly positive performance across maturities.

Prices continue to face resistance in staying above R$ 70.00 per bag, while showing support near R$ 68.00. This sideways movement reflects the market’s search for new batches at a time when producers are focused on harvesting the summer crop. Expectations of greater grain availability in the short term are limiting more significant upward movements, while sellers are avoiding trading at prices they consider less attractive.

Over the course of the week, global and foreign exchange conditions had a mixed impact on domestic prices. In Chicago, corn prices rose by 0.47%, while the dollar fell by 0.52% during the period. Meanwhile, the Cepea average rose by 1.03%, helping to support prices in the Brazilian market.

Among B3’s main contracts, the March 2026 contract closed at R$ 68.98, down for the day and slightly lower compared to the previous week. The May 2026 contract closed at R$ 69.12, posting a weekly gain, while the July 2026 contract closed at R$ 67.95, also with a weekly gain, despite the daily decline.

On the international market, corn traded on the CBOT closed lower on Friday, pressured by profit-taking after three consecutive sessions of gains. The weekly performance, however, remained positive. The daily decline was linked to ethanol production at levels considered low for the past three years, a factor that weighed on investor sentiment. The losses were partially offset by U.S. export data, which remains more than 31% above the level recorded in the previous season.

Source: Agrolink – Leonardo Gottems Published on February 9, 2026, at 8:48 a.m.