Corn harvest in Goiás of Brazil approaches 40%

The Brazilian market last week reported few deals, influenced by expectations in the US climate. However, this week saw a greater number of negotiations. According to the analysis by Fernando Loureiro, from Tarken, in Goiás, the corn harvest is approaching 40%, a fact that dictated the week in the state. Prices followed the grain supply in the silos, with unattractive values causing a locked market. 'Freight is another obstacle for negotiations in Goiás, the value of transport is 3% higher than in June”, explains the specialist. In this scenario, with producers holding negotiations due to low values, storage and freight can be problems for future negotiations, as the harvest in the state advances every day. “In some places, some problems are already reported to maintain and transport the grains traded”, he says. According to Loureiro, the futures market remains attentive to the climate of ...