Brazilian market of corn must have an extension of the off-season
Maize (Corn)
Brazil
Published Mar 6, 2023
Tridge summary
The difficulties for the soybean harvest in 2023 continue. The situation has greatly improved in the Midwest, and corn planting is progressing and may end in the first ten days of March. However, the other regions continue with a complicated situation and a late second season. It is still difficult to say that there will […]
Original content
The difficulties for the soybean harvest in 2023 continue. The situation has greatly improved in the Midwest, and corn planting is progressing and may end in the first ten days of March. However, the other regions continue with a complicated situation and a late second season. It is still difficult to say that there will be a decline in the planted area due to this delay, but we can say that around 50% of the area will be seeded in March. This is not a serious problem and only puts production at a higher risk curve with the fall/winter weather. Meanwhile, internal consumers managed to hold corn prices for another month while growers hold soybeans in warehouses and sell corn. As for the facts that occurred with the fattened cattle, with one more case of atypical BSE in an animal over 10 years old in Pará, and the increase in cases of avian flu in Argentina, we must reflect that these events do not change the internal demand of corn and let alone change the internal supply profile. ...
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