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Brazilian corn prices are under pressure from high supply, cautious domestic demand and slower sales than last year. Physical trade is limited in southern Brazil and Mato Grosso do Sul.
Futures moved on the dollar and the USDA report, with B3 slightly higher on Thursday.
Ample Brazilian supply and slow exports keep corn prices weak and limit the upside from the US report. Buyers can expect continued soft Brazilian corn offers.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.