Corn liquidity continues to decline

The corn market in Rio Grande do Sul continues with low liquidity and restricted negotiations, according to information from TF Agroeconômica. “Purchase indications range between R$ 67.00 and R$ 70.00/sack, while asking prices remain firm from R$ 70.00 to R$ 72.00/sack. At the port, corn futures for February/26 are quoted at R$ 69.00/sack. In Panambi, the price of the sack remains at R$ 59.00/sack, reflecting the imbalance between supply and demand and the scarcity of relevant business in the Gaúcho market,” it comments. The Santa Catarina corn market remains with low liquidity and stalled negotiations, reflecting the strong mismatch between asking prices and offers. “Producers continue to hold firm on requests close to R$ 80.00/sack, while industries limit their offers to R$ 70.00/sack, which keeps the market virtually at a standstill. In the Planalto Norte, business remains sporadic, between R$ 71.00 and R$ 75.00/sack, without significant advances,” it adds. The corn market in ...