Stall continues in the corn market

The corn market in Rio Grande do Sul continues with very restricted movement, according to information from TF Agroeconômica. "The state average rose to R$ 62.18 from R$ 61.86 the previous week. Even with this advance, liquidity remains low and the environment continues stalled, as the February/26 contract at the port remains at R$ 69.00/sack without recent changes," it comments. The corn market in Santa Catarina remains stalled, with strong divergence between producers and industries. "The asking prices remain close to R$ 80.00/sack, while the offers remain around R$ 70.00/sack, which prevents any progress in negotiations. In the North Plateau, the few deals still appear between R$ 71.00 and R$ 75.00/sack, reinforcing the slow pace in the state. The lack of consensus between the parties keeps the environment stagnant," it adds. The corn market in Paraná continues stalled, with scarce negotiations and a large gap between the references of buyers and sellers. "The asking prices ...