Drought continues to affect the flow of corn sales in southern states

Climate problems affect sales flows in certain states. Producers remain wary of signing future contracts for Safrinha/22. In western Paraná, for example, the supply indication is between R＄90 and R＄91, and there are still no takers at that price. The analysis is by Gabriela Moreira, from Tarken, a Brazilian agritech that offers a marketplace for grain trading.

According to Moreira, at the port of Paranaguá, the purchase indication reached R＄ 94 in available. For Safrinha, the indication of buyers remains at R＄95 between the months of August and September.

“Producers assess that the market is likely to improve and remain confident about doing business in the coming weeks”, says Gabriela.

Uncertainties regarding the productivity of the off-season leave the market at a standstill in MT

The week was marked by the slowness of the corn market in Mato Grosso, mainly due to the reduced number of offers, according to Tarken analysts.

The forward negotiations for the following months, starting in July, also present difficulties in concluding. Despite the interest of large buyers and firm purchase offers in several cities, such as Campo Novo do Parecis, Comodoro and Nova Mutum, in signing contracts for July, August, September and for the 23 harvest, the market is still quite cold.

In many regions of the state it has not rained for around 35 days and this factor is reflected in the productivity of the off-season, analysts say.

In the region around Cuiabá and along BR 163, producers are not willing to enter into new fixed-term contracts, as they do not know with certainty the volume they will be able to make available for these new businesses.

The forecast, according to Tarken analysts, is for the market to heat up close to the beginning of the harvest, in mid-June and early July.