Corn prices continue to rise in Brazil; weather concerns

Published 2024년 9월 9일

Tridge summary

Cepea surveys show an increase in corn prices in the domestic market, driven by rising prices abroad and concerns about weather in key production regions. Sellers are limiting the volume offered, while international demand for Brazilian corn has increased due to higher export parity. Domestic buyers are also negotiating to replenish stocks or protect against price increases. In August, corn shipments totaled 6.06 million tons, nearly double the previous month's total but still 35% lower than August 2023.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Cepea surveys show that corn prices continue to rise in the domestic market. According to researchers, aware of the recent increases in prices abroad and domestically and concerned about the weather in the main regions that produce Brazil's summer harvest, sellers have been limiting the volume offered. Check out the latest information on agriculture, livestock, the economy and weather forecasts in the palm of your hand: follow Canal Rural on WhatsApp! On the demand side, Cepea researchers explain that international demand for Brazilian corn has been heating up, supported by the higher export parity. Domestic buyers have also resumed negotiations, either to replenish stocks and/or ...
Source: CanalRural

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.