Only complementary activities for corn export in Brazil

The Brazilian market for corn for export has only complementary businesses, according to information released by TF Agroeconomia. “Premiums remained at $60 cents/bushel for July 23; retreated to $100 for August23 and retreated to $110 for September,” he comments. “The comments heard in the market are only complementary to the export of corn, from companies that need to complete part of the cargo on ships. No significant export activity. Price indications only for Safrinha, from August onwards and at levels well below those currently practiced in the interior, so that we see difficulty in originating product in the second half. Producers will have to convince themselves of the new price levels and accept them, which will not be easy”, he adds. Planting in Paraguay is paralyzed due to excessive rainfall. “With the soybean harvest already in its second half, some sellers who still have lots of the product available increase the number of consultations, seeking to prepare their ...