Brazil: Corn premiums jump strong

Published 2024년 5월 22일

Tridge summary

Brazilian corn export prices have seen a significant increase, with the best cost/benefit ratios found in Minas Gerais and Goiás states. On the other hand, Chinese corn and corn starch prices have fallen. In the Argentine corn market, prices are around US$200 FOB for May, with a stable number of participants and expanded delivery possibilities. The prices vary globally, with countries like France, Romania, Russia, and Ukraine also quoted.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

“Export sales by Brazilian farmers are very slow” On the Argentine corn side, a stable number of participants was observed In the Brazilian corn market for export, premiums jumped sharply in Brazil this Tuesday, with Minas Gerais and Goiás in a better position, according to information released by TF Agroeconomic. “Premiums jumped significantly, rising $9 cents/bushel to $67 cents/bushel for July/24; they also advanced another $2 cents to $50 in August/24; they rose 12 cents/bushel to $57 in September/24, remained at $47 in October/24 and rose $8 cents/bushel to $55 for November, in the ports of Santos and Tubarão”, he comments. “Export sales by Brazilian farmers are very slow. The best cost/benefit ratios are in the states of Minas Gerais and Goiás”, he adds. In China, corn prices fell by 6 CNY/t for July and 6 CNY/t for September. “The price of corn starch, in turn, also fell by 4 CNY/t for July and 3 CNY/t for September. The price of eggs closed unchanged for May and fell to ...
Source: Abramilho

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