Corn continues with little movement

The corn market in Rio Grande do Sul continues with little movement and almost paralyzed business, according to information from TF Agroeconômica. "The internal supply remains dependent on grains from other states and Paraguay, while the local supply is aimed at small consumers, such as poultry farms and domestic producers. Purchase indications remain stable, between R$ 67.00 and R$ 70.00/sack depending on the region, while sellers ask for R$ 70.00 to R$ 72.00/sack in the interior for September. At the port, the future price is R$ 69.00/sack for February/26," it comments. Sowing is at a good pace in Santa Catarina, but lack of agreement stalls the market. "Producers maintain requests close to R$ 80.00/sack, while industries offer a maximum of R$ 70.00/sack. In the North Plateau, negotiations range between R$ 71.00 and R$ 75.00/sack, with no progress in the negotiations. The lack of consensus between the parties keeps the market practically stopped," it adds. The corn market in ...