Corn maintains stable prices in Brazil

According to the analysis by the International Center for Economic Analysis and Agricultural Market Studies (Ceema), referring to the week of September 12 to 18 and released this Thursday (18), the Brazilian corn market remains stable, despite a slight upward trend in some regions. The survey shows that the average price in Rio Grande do Sul decreased to R$ 61.92/sack, while the main markets in the state maintained values between R$ 59.00 and R$ 60.00. In other parts of the country, prices ranged between R$ 46.00 and R$ 64.00/sack. According to Cepea, "the price support in some regions would be coming from the firm domestic demand and the more cautious position of sellers, who limit the available volume." The National Supply Company (Conab) estimates that the total Brazilian corn production in 2024/25 will be 21% higher than the previous year, reaching 139.7 million tons. The planting of the new 2025/26 summer crop reached 17% of the expected area in the Center-South by September ...