Tridge summary
The Brazilian corn market for export is focused on purchasing new Safrinha, with premiums remaining steady in various months. In Paraguay, the market is stagnant with no changes in the cereal business and soybean and corn harvest approaching. Prices of corn in various countries also remained relatively stable. Overall, the Paraguayan and Brazilian corn markets are experiencing little activity and focus on new harvests.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The Paraguayan market is stuck The Brazilian corn market for export has purchasing interests, but only for new Safrinha, according to information released by TF Agroeconomic. “The premiums remained at $65 in July/24, at $65 in August/24, $65 in September/24 and remained at $60 for October/24, in the port of Santos”, he comments. “Most Tradings are no longer buying corn from the 22/23 harvest, they are only presenting indications for the new Safrinha, in Brazil. In the news above we present new shipment estimates from ANEC. In China, the March corn price for March rose 8 CNY/t this Tuesday; March corn starch increased again for the fourth consecutive day by 10 CNY/t; the price of a dozen eggs recovered 5 CNY/500 thousand units and pig prices also rose for the fourth consecutive day, now more 60 CNY/t”, he adds. The Paraguayan market is stuck. “There were no changes in the cereal business either. This Monday the market was very stagnant where the levels offered by local industries ...
Source: Abramilho
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