Corn rises 1.48% in Chicago due to US weather.

THE corn Prices advanced last week on the CME Group, driven by concerns about the weather in US producing regions and signs of a narrowing gap between supply and demand. According to data released by the Mato Grosso Institute of Agricultural Economics (Imea), the current contract averaged US$$ 447.80 per bushel, up 1.48% compared to the previous week.

The rise in corn prices has been linked to weather conditions in the main producing regions of the United States. According to data released by Imea, the weather scenario has raised concerns regarding crop development and the productive potential of the US harvest.

The indicator for areas classified as being in good and excellent condition fell 14 percentage points compared to last season, reaching 60%. The worsening of the indicator reinforces uncertainties about the volume of corn that will be available in the next season.

In addition to crop conditions, the growth in international demand has also begun to put pressure on stock projections. According to data released by Imea, this movement signals a smaller gap between supply and demand, helping to support corn prices on the CME Group. With a tighter balance between availability and consumption, changes in production or demand forecasts may have a greater impact on price formation.

Over the next few weeks, the market will primarily monitor the evolution of corn exports and the development of the North American crop. According to data released by Imea, these factors will be important in determining price behavior on the CME Group. The evolution of weather conditions and crops in the United States will continue to be closely monitored by the market, especially given the current uncertainties about production potential.