Corn in Brazil: prices stable in the range of R$ 69/sc with pressure from the safrinha crop and low demand

The corn market in Brazil maintains relative stability in April, with the Cepea indicator hovering around R$ 69.00 per 60 kg bag, despite slight recent declines. According to Cepea researchers, the pressure on prices mainly comes from the cautious stance of buyers, who have been acting reservedly in negotiations. Many agents already have stocks and are waiting for more significant drops in the short term. On the supply side, producers have shown greater interest in negotiating, even reducing prices at times to facilitate sales. The recent accommodation in quotations is the result of a set of factors: This scenario contributes to a more supplied market in the short term and with lower external competitiveness. On B3, corn futures contracts recorded significant declines over the last week, reflecting both the external and domestic scenarios. Among the main maturities: The accumulated losses exceeded 4.5% in the week, influenced by the drop in Chicago quotations and the appreciation ...