Corn 2026: high domestic supply pressures prices, says Cepea

The Brazilian corn market starts 2026 with ample domestic availability, supported by carryover stocks higher than those observed in the previous season, according to data released by Cepea. At the same time, there is growing expectation of an increase in the production of the first crop. This scenario of greater supply in Brazil has repercussions on domestic futures prices. Researchers at Cepea point out that contracts traded on B3 have been operating at levels lower than those of the past season, reflecting the more comfortable supply environment. In the external market, the behavior is different: futures at the CME Group indicate an upward curve throughout the first half of 2026. According to data released by Cepea, this movement is supported by the record pace of U.S. exports in recent months. In addition, the prospect of a tighter global stock/consumption ratio helps to support international values. With firmer external prices, the market begins to closely monitor the factors ...