Assess the corn with caution

Brazilian corn exports remain strong and have been sustaining prices especially in the Midwest states, where there is less presence of local ethanol or animal protein industries and the outflow is concentrated through the ports of the Northern Arc. This information comes from TF Agroeconômica, which also highlights the advance in industrial demand in the South and Mato Grosso, raising quotations by 4.10% in the last 20 days. According to the consultancy, the market behavior confirms the projection that the second-half consumption, added to exports, will keep prices high. The recommendation, however, is to evaluate with caution the cost of loading in relation to the price offered by buyers: if the selling price is lower than the reference for November, the ideal strategy is to liquidate the positions. Among the factors driving prices up, TF Agroeconômica points to the resumption of Brazilian chicken meat exports to China, which should increase corn consumption for feed, estimated ...