Corn market should start the week with an increase in supply in Brazil

Producers should continue to make progress in fixing sales, justified by concerns and storage difficulties. Consumers, in turn, have peace of mind regarding inventories. With that, prices should retreat and larger acquisitions can be carried out. On the international scene, the Chicago Commodity Exchange operates mixed. The dollar, in turn, has low against the real. The Brazilian corn market ended the week pressured by increased supply. According to SAFRAS Consultoria, producers continue to expand fixation amid storage difficulties, a consequence of the advance of the soybean harvest. Consumers are still reporting a comfortable position in their inventories, adding to the pressure. In the Port of Santos, the price ranged from R$ 87.00 (purchase) to R$ 90.00 (sale) per bag (CIF). In the Port of Paranaguá, quotation between R$ 87.00/90.00 per bag. In Paraná, the quotation was R$ 80.00/82.00 a bag in Cascavel. In São Paulo, price of R$ 80.00/82.00 at ...