Corn market remains little dynamic

The corn market in Rio Grande do Sul remains little dynamic, according to information from TF Agroeconômica. Negotiations continue to be restricted to occasional purchases by small industries and cooperatives, even with references between R$ 58.00 and R$ 72.00/sack (sack 60kg), while the state average has risen to R$ 62.68, a slight increase of 0.80% from the previous week. The lack of concrete incentives continues to hinder the progress of negotiations, keeping the spot environment limited,” it comments. The corn market in Santa Catarina remains stalled, with a strong divergence between producers and industries. “The asking prices remain close to R$ 80.00/sack, while the offers remain around R$ 70.00/sack, which prevents any progress in negotiations. In the Planalto Norte, the few deals still appear between R$ 71.00 and R$ 75.00/sack, reinforcing the slow pace in the state,” it adds. The corn market in Paraná remains stalled, with few negotiations and a large gap between asking ...