Brazil: Corn export remains the same

Published 2023년 3월 7일

Tridge summary

The Brazilian corn export market is currently inactive, with no new purchases being made for full vessels as sellers are finding domestic market prices more lucrative. Export activities are limited to completing shipments, with no new business expected until June or July. In Paraguay, the focus is on soybeans, with corn business taking a back seat due to logistical constraints from the delayed soybean harvest. Meanwhile, Argentine corn prices are around R$ 100/sack, which is approximately 19% higher than the current interior prices in Brazil, but there is currently no significant export activity in Argentina.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the Brazilian corn export market, there are only complementary activities to complete shipments, according to information released by TF Agroeconomico. “Premiums retreated to $60 cents/bushel for July23 to $105 for Aug23 and backed down to $105 for September and $115 for October,” he comments. “Without the support of the dollar and Chicago, on Monday, the export market could not offer sellers prices higher than those of the domestic market. With a small exception at Ferrovia, in Maringá-PR, export business remained at a standstill. The export interest is concentrated only on those Trading Companies that need to complete occasional cargoes in the ports, with no plans for new purchases for a full vessel in the short term. This interest has passed to soybeans and should only return in June/July, with the off-season”, he adds. In Paraguay, the priority remains soy. “The cereal business remains in the background, although some sellers are starting to consult, with the soybean ...

Source: Agrolink