Pressured by the slow pace of business and estimates indicating a large harvest in 2023, corn values continue to fall in Brazil, according to information from Cepea. The ESALQ/BM&FBovespa Indicator (Campinas – SP) closed at R$ 83,74/60 kg bag this Friday, the 11th, a decrease of 1,42% compared to the 4th.
National buyers are staying away from negotiations involving large volumes, paying attention to good expectations for the summer harvest and transit stocks. Many sellers, in turn, are flexible with prices, given the need to free up space in warehouses.
Conab estimated, in a report released on November 9, that production for the 2022/23 Brazilian harvest should total 126,39 million tons, a drop of 500 thousand tons compared to the previous report, but still 12% higher than the season. previous and a record.
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7th Wheat Meeting, held by Sindustrigo, promoted broad debate on the economic scenario of the sector, as well as trends, innovations and the role of the consumer market
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