Rains in Brazil affect corn harvest, but price remains stable

Ongoing excessive rainfall in the Southeast, Midwest, and South regions of the country is causing delays in the harvest of summer soybean and corn crops, as well as hindering the sowing of the second season. This weather condition has led to a slowdown in sales activities by sellers, who are only transacting when necessary to manage cash flow and warehouse space. Meanwhile, buyers are withholding from making any purchases, resulting in a stagnant Esalq/BM&FBovespa Indicator despite the market challenges.