Corn harvest in Goiás approaches 40%

The Brazilian market last week reported few trades, influenced by expectations about the climate in the United States. However, this week a greater number of negotiations were recorded, according to analyst Fernando Loureiro, from Tarken, a Brazilian agritech that offers a marketplace for grain trading.

“In Goiás, the corn harvest is approaching 40%, a fact that dictated the week in the state. Prices followed the supply of grain in silos, with unattractive values ​​resulting in a frozen market. Freight is another hindrance to negotiations in Goiás, the transport price is 3% higher than in June”, explains the specialist.

In this scenario, with producers holding negotiations due to low values, storage and shipping could be problems for future negotiations, as the harvest in the state advances every day. “In some locations, some problems have already been reported in maintaining and transporting the traded grains”, he says.

According to Loureiro, the futures market remains attentive to the climate of American crops. “At the beginning of the week, the stock exchanges remained concerned about the rain, which arrived throughout the week in the American Midwest. This should represent drops in Brazilian prices, aggravated by the almost perfect pollination of plantations in the United States”, he analyzes.

The next USDA report should guide commodity trade in August, as Fernando explains. “It is worth highlighting that the climate was not an exclusive concern for the United States, in Goiás, fires and dry weather are a concern for producers in the south of the state”, he states.

Prices are currently at R＄75,29, representing a slight drop from last week. In Jataí the price is R＄ 73. Rio Verde has its prices at R＄ 74,40, maintaining the value of past prices.