Corn is recovering, says consultancy

The recent movement in the corn market has been marked by a change in the behavior of international quotations, which are beginning to show clearer signs of recovery. The TF agroeconomics points out that prices in Chicago have entered an upward channel, a condition that tends to open space for better values in the short and medium term, after weeks of sluggishness caused by the excess of global supply. In Brazil, this adjustment occurs after a prolonged period of pressure, influenced by the entry of American corn at very low prices, which increased internal availability and delayed the domestic reaction. According to the analysis, the formation of this upward channel in Chicago serves as an indication that the market may have found a more consistent floor, creating a favorable environment for gradual advances. This behavior reinforces the reading that the second half of the cycle could bring a recovery movement, albeit with some delay compared to the historical standard. With the ...