Brazil: Corn export remains the same

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 ...