Brazilian corn market should continue with stalled sales

Domestic supply has improved, but business is likely to continue slowly. On the international scene, the Chicago Commodity Exchange operates on a high. The dollar, in turn, presents volatility in its quotation. The Brazilian corn market recorded stable to lower prices on Wednesday. According to the SAFRAS & Mercado consultant, Paulo Molinari, the market was blocked, with industries trying to bring down prices in the South and Southeast. “Apparently the market is a little better in supply, but still slow in business”, he comments. In the Port of Santos, the price ranged from R$ 88.00 (purchase) to R$ 93.00 (sale) per bag (CIF). In the Port of Paranaguá, quotation between R$ 88.00/93.00 per bag. In Paraná, the quotation was R$ 82.00/84.00 a bag in Cascavel. In São Paulo, price of R$ 83.00/85.00 at Mogiana. In Campinas CIF, price of R$ ...