Corn market enters a cycle of lower prices

In 2024, the market still found support in climatic risks, tighter stocks, and geopolitical uncertainties, which maintained higher price levels and positive margins along the chain. Already in 2025, the recomposition of global supply, driven by robust harvests in the United States and Brazil, in addition to the strong expansion of the Brazilian second corn crop and the normalization of the climate, began to exert structural pressure on prices. The result was a consistent drop in prices, margin compression, and a change in bargaining power between the agents. From a technical point of view, the market formed a relevant top in the first year and began to register descending tops and lower lows, consolidating a bearish trend in the second period analyzed. The volatility, high at the beginning due to climatic factors, conflicts, and energy, gave way to more technical movements and short rallies, with difficulty in sustaining above the resistances. The behavior of prices began to ...