Corn harvest progress weakens prices

As advance of the harvest, the prospect of high availability of corn in the next weeks has been putting pressure on prices on the domestic market since the beginning of July. Although external prices are also falling, movement at ports Brazilians increased again in recent days, influenced by the competitiveness and availability of Brazilian cereal. On the other hand, the The heated pace of exports has limited the decline in domestic prices.

At the In general, according to Cepea employees, buyers postpone negotiations on new lots, in the expectation of better commercialization opportunities in the next few weeks, while sellers prioritize the delivery of lots already sold. In Campinas (SP), a reference region for the ESALQ/BM&FBovespa Indicator, buyers again stayed away for most of the week. O Indicator closed at R$ 36,88/60 kg bag, on Friday, July 19, a drop 0,9% compared to July 12th.