Unchanged premiums for the export of corn in Brazil

Published 2024년 3월 18일

Tridge summary

The Brazilian corn market remains steady with unchanged premiums, with demand primarily from the United States, according to TF Agroeconomic. Corn prices in China have increased by 17 CNY/t for March and May. In Argentina, there is one less active buyer, but purchase proposals remain stable. The approximate prices of Argentine corn FOB are around US$188 for March, April, and May. Corn prices have fallen to US$192 FOB in the USA, US$188 FOB Up River in Argentina, and US$192 FOB in Santos, Brazil. They are at US$195 FOB in France, US$185 FOB in Romania, and US$165 in Russia and Ukraine.

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Original content

In Argentina, corn had one less buyer actively participating “In China, corn prices rose again by 17 CNY/t for March” “In China, corn prices rose again by 17 CNY/t for March” – Photo: Leonardo Gottems The Brazilian corn market for export continues with unchanged premiums, with demand focused on the United States this semester, according to information released by TF Agroeconomic. “The premiums remained at $60 cents/bushel for July/24, remained at $48 in August/24, at $47 in September/24 and $50 for October/24, in the ports of Santos and Tubarão”, he comments. “In China, corn prices rose again by 17 CNY/t for March and 17 CNY/t for May. The price of corn starch rose again by another 16 CNY/t for March and 15 CNY/t for May. The price of eggs also returned to the positive side and rose by 12 CNY/500kg for March, but fell by 27 CNY/500kg for April. And the pig price rose again by another 2 CNY/t for March and 95 CNY/t for May”, he adds. In Argentina, corn had one less buyer actively ...

Source: Abramilho