Corn: Brazilian final price is much higher

Published Jan 8, 2024

Tridge summary

Paraguay had only a few reported deals for local industries in the corn market, with Brazilian corn prices far exceeding those of its competitors. The high Brazilian corn prices have made business difficult, with China seeing a decrease in corn and corn starch prices, and Argentina continuing to have concentrated offers for short deliveries. In Paraguay, the corn market is virtually at a standstill, with neighboring Brazil offering unattractive prices for Paraguayan producers.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Paraguay had only a few reported deals for local industries The final price of Brazilian corn is far above its competitors, according to information released by TF Agroeconomic. “Premiums remained at $62 in July/24, fell by $5 cents to $60 in August/24 and to $60 in September/24 and remained at $63 in October/24, in the port of Santos”, he comments. “FOB prices for Brazilian corn are far above prices for other origins, making business difficult. Even so, the Tradings managed to make some purchases in the interior to complete ships already scheduled, improving prices. In China, corn prices fell by -27 CNY/t, corn starch prices fell by -20 CNY/t, eggs rose by 44 CNY/500 d and pig prices fell by –235 CNY/t, not stimulating purchases of material. cousin. In Argentina, offers continue to concentrate on short deliveries, in a session where the number of buyers who bid to obtain goods was sustained. The average FOB price on wheels was US$180.50, compared to US$181.30 the previous day and ...

Source: Abramilho