Competitiveness of Brazilian corn remains limited abroad

The Brazilian corn market faces a scenario of restricted competitiveness in international trade, with clear limitations for shipments in the coming months. According to an analysis by TF Agroeconômica, Brazil was excluded from a new tender by South Korea and presents competitiveness only for the next Safrinha 26/27, considering the current price levels and premiums practiced in the external market. Export negotiations continue to be based on premiums, converted into approximate dollar values per ton for comparison purposes. In the global market, U.S. corn FOB is traded around US$ 215 per ton, while the Argentine product appears at US$ 221 and the Brazilian at US$ 225. In Argentina, approximate FOB corn prices were around US$ 219 for January and February, with a drop to about US$ 209 in April. International prices show France with corn at US$ 229 FOB, Romania at US$ 225, Russia at US$ 220, and Ukraine at US$ 215. In China, the corn market showed a slight recovery after the previous ...