Corn in Brazil follows very slowly

The corn market in the state of Rio Grande do Sul follows very slowly, with factories covered for the whole of March, helping with the slowdown, according to information from TF Agroeconomia. “Export only trading companies that need to buy some more position, in view of the nominations, position themselves in the market, but indicate R$ 90.00 per port, not arousing interest due to freight rates. Prices for April (industry post) maintained the drop of the previous day at R$ 84.00 in Great Santa Rosa, R$ 89.50 in Marau region, R$ 90.50 in Lajeado region”, he comments. “The weekly crop monitoring report, released this Thursday by Emater-RS, recorded that the main activity in the period was harvesting, which reached 57% of the cultivated area. Crops in maturation represent 18%. The rains that occurred between 01/23 and 24/01, even irregular and in very varied volumes, benefited the smallest part of the crops”, he adds. In Santa Catarina, prices remain low and the seller sells the ...