Corn prices follow different trends between regions

You Corn prices showed different behavior between markets monitored by Cepea over the last week, reflecting the different climate and regional supply and demand conditions. However, generally speaking, falls prevailed.

In According to Cepea employees, liquidity remains low, with many buyers absent from the market – these agents signal that they have stocks, at least less for the short term, and are waiting for further devaluations. In the Midwest, despite the lower supply in the current season, with the completion of the harvest and the In the absence of buyers and exporters, producers agreed to negotiate corn at lower values.

In summer harvest producing regions, improved climate and the possibility of Advancement of field work also puts pressure on prices. On the other hand, in Minas Gerais and São Paulo, producers once again limited the volume offered, especially those in squares in São Paulo, where the dry climate predominates. Many of these Farmers have turned their attention to soybeans, which, in addition to presenting marketing attractions, sowing will begin soon.

Second agents consulted by Cepea, despite the current low demand scenario, part of producers chooses to leave the merchandise in warehouses, awaiting new valuations.