Corn prices melt in the South of Brazil

Published 2023년 3월 2일

Tridge summary

Corn prices in Rio Grande do Sul, Brazil, have dropped by R$3/sack at origin and R$2/sack at destination, according to TF Agroeconomia. The prices for March also dropped by R$ 3/sack at origin and R$ 2/sack at destination in Santa Catarina. The market in Paraná has come to a complete stop as buyers are indicating prices significantly below the asking price. However, there are speculations that two tradings may consider placing corn ships due to the delay in the soybean harvest in Brazil.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the state of Rio Grande do Sul, corn prices dropped by R$3/sack at origin and R$2/sack at destination, according to information from TF Agroeconomia. “As we said yesterday, corn prices have melted in Brazil, having repercussions on the market today. Here in RS, a trading company that still needs to close its position, continued to indicate R$ 89.00 per port, but without interest due to freight costs”, he comments. “Prices for March (industry post) dropped by R$ 3/sack at origin and R$ 2/sack at destination: R$ 84.00 in Grande Santa Rosa, R$ 89.50 in Marau region, R$ 90.50 in Paved. Seller continues asking between R$ 85.00 to 89.00 interior (when there are offers). Stone prices, in Panambi, fell to R$ 81.00 a bag”, he adds. In Santa Catarina, prices remain low and the seller sells the minimum. “Taxed corn for small buyers between BRL 69/90/bag depending on shipping or BRL 91 for 30 days, in the Midwest of Santa Catarina. Regional corn at R$ 92 post-factory, with a seller between ...

Source: Agrolink