Corn maintains prices despite volatility

According to an analysis released by Grão Direto this Monday (17), the short-term outlook for the first corn crop (summer) is contingent on the development of the crops in the South, which are now facing risks due to excessive rainfall. The company states that "planting has progressed well, reaching 54.3% in the Center-South," with Paraná 99% planted and Rio Grande do Sul 77% planted, but emphasizes that the atypical cold and other adverse weather conditions could affect the initial production potential. The main point of concern in the long term is the increasing risk for the 2026 second corn crop. Grão Direto points out that the delay in planting soybeans in the Cerrado and Matopiba regions indicates that the second crop sowing window will be shifted to a period of higher climate risk, marked by the possibility of drought, and states that "the market is already beginning to price this future risk." The competition for supply in the domestic market is expected to intensify. ...