Market unchanged for corn in the South of Brazil

Published 2023년 2월 27일

Tridge summary

The corn market in Rio Grande do Sul and Santa Catarina remained stable with no changes in prices, while in Santa Catarina, buyer prices dropped slightly with sellers absent. The exportation of corn was indicated at prices below R$ 90.00 at the port, but no new business was heard of. Freight rates are rising quickly, making business difficult. The export of corn is completely absent due to the fall of the dollar and in Chicago.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The corn market in the state of Rio Grande do Sul ended the week unchanged, according to information from TF Agroeconomia. “In the market practically without news, trading companies going to close ships, indicating R$ 91.00 port for export, but not closing the account for most regions due to freight. Prices unchanged for March (industry post) R$ 87.00 Grande Santa Rosa, R$ 86.00 Ijuí, R$ 91.50 Marau region, R$ 92.50 Lajeado region. Seller continues asking between R$ 86.00 to 89.00 interior (when there are offers)”, he comments. In Santa Catarina, buyer prices dropped slightly, with sellers absent. “Taxed corn for small buyers between BRL 69/90/bag depending on shipping or BRL 91 for 30 days, in the Midwest of Santa Catarina. Regional corn at R$ 92 post-factory, with a seller between R$ 93/94, few deals. Exportation again indicated prices below R$ 90.00 at the port, after filling up we did not hear of new business. Counter prices unchanged at BRL 84/bag in Campos Novos, dropped to ...

Source: Agrolink