Corn market tries to circumvent low liquidity

In the Rio Grande do Sul corn market, positive conditions in the field contrast with the stagnant market, according to TF Agroeconômica. "Purchase indications range between R$ 58.00 and R$ 72.00/sack, with a state average of R$ 62.00, according to Emater/RS-Ascar. In the port, the corn futures for February/26 remain at R$ 69.00/sack. Despite the slight stability, there are no signs of price recovery in the short term," it comments. Santa Catarina has almost finished planting, but the market remains resistant. "Asking prices remain close to R$ 80.00/sack, while offers hover around R$ 70.00/sack, keeping negotiations virtually at a standstill. In the North Plateau, business remains sporadic, between R$ 71.00 and R$ 75.00/sack, with no significant advances," the consultancy adds. The corn market in Paraná remains slow and with low liquidity. "Sales of the second crop remain around 40%, with a still weak pace. Producers' asking prices remain close to R$ 75.00/sack, while industries ...