Consultoria: Exercise caution with corn

Export parity continues below the prices practiced internally in various regions of the country, which reduces the immediate appeal of external sales. With this, the domestic market is still able to sustain quotations in important consumer hubs in the South and Southeast, although there is already resistance from demand, which shows less willingness to absorb larger volumes at current prices. In the regional context, Argentina revised its production downward, a factor that offers relative support to the country's FOB prices. Despite this, Argentine corn remains competitive in the international market, especially in the second half of the year. This scenario limits the room for an increase in Brazilian export premiums, especially at the southern ports, where competition tends to be more direct. In the Chicago Mercantile Exchange, corn contracts for March 2026 are trading sideways after the sharp drop recorded in the second half of 2025. The market finds technical support in the ...