Corn market remains stalled

The corn market in southern Brazil ends the week with low liquidity and little evolution in negotiations, according to information from TF Agroeconômica. In Rio Grande do Sul, quotations remain between R$ 60.00 and R$ 70.00 per sack, with a state average of R$ 62.52 compared to R$ 62.31 last week. Nevertheless, the movement remains restricted to sporadic purchases by small industries and cooperatives. The lack of reaction is reinforced by the stability of the February/26 contract at the port, maintained at R$ 69.00 per sack, in addition to concerns about avian flu. In Panambi, the price of the stone remains stable at R$ 59.00. In Santa Catarina, the situation is similar. Producers maintain asking prices close to R$ 80.00 per sack, while industries offer around R$ 70.00, locking the market. In the North Plateau, deals remain rare between R$ 71.00 and R$ 75.00. In parallel, there is growing concern about the leafhopper: the Monitora Milho SC Program recorded an average of 12 insects ...