Brazil: Corn exports focused on the off-season

With fewer participants in the local market, immediate delivery options opened up According to TF Agroeconomic, corn exports are concentrated in the winter harvest. “Premiums remained at $65 for July/24, $61 in August/24, rose $1 cents/bushel to $61 in September/24 and remained at $60 for October/24, in the ports of Santos and Tubarão” , comments. “The 0.66% drop in the dollar overshadowed the slight increase of 0.17% in the price of corn in Chicago, not allowing Tradings to improve the prices offered in the interior of the country, which are already around 11% below the prices offered by local industries. As a result, export business for immediate shipment remains blocked”, adds the consultancy. On the demand side, in China the March corn price for March rose again by 9 CNY/t this Tuesday; corn starch in March fell by 1 CNY/t; the price of a dozen eggs for February fell for the fifth consecutive day by another 35 CNY/500 thousand units and pig prices fell by 100 CNY/t. “In ...