Brazilian corn prices are experiencing a decline due to the withdrawal of buyers, the progress of the summer harvest, and the promising development of the second harvest in most regions. According to Cepea researchers, current corn values are at their lowest since October/23. Consumers are reporting sufficient stocks and making new spot purchases only as needed. While some sellers are being more flexible in negotiations, others are withholding from the market, expecting recoveries due to the recent appreciation of the dollar and the anticipation of a less productive second harvest. Conab predicts an 8% decrease in the area and a production of 85.61 million tons, marking a 16% drop from the 2023/24 season.