Despite the forecast of comfortable stocks, corn values ​​remain firm

In ports, according to Cepea research, values ​​are also being sustained, due to external increases

26.09.2022 | 14:32 (UTC -3)
Cepea
In ports, according to Cepea research, values ​​are also being sustained, due to external increases. - Photo: Wenderson Araujo/CNA
In ports, according to Cepea research, values ​​are also being sustained, due to external increases. - Photo: Wenderson Araujo/CNA

Corn prices are firm in the domestic market, influenced by export parity. This scenario is verified despite data indicating 20% ​​higher national carryover stocks at the end of the 2021/22 season (compared to the previous harvest), good expectations for the summer harvest and the current lower interest from domestic consumers.

In ports, according to Cepea research, values ​​are also being sustained, due to external increases, which, in turn, are influenced by concerns related to the conflict between Russia and Ukraine, crop failure in the European Union and uncertainties regarding the productivity of the crops being harvested in the United States.

The devaluation of the dollar, however, prevented further advances in ports. In fact, prices at ports operate at levels above those seen in the national spot, a context contrary to that recorded in the same period last year, when national buyers were more active, and international demand was sluggish.

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