Corn returns to surpassing R$ 65 per sack with heated demand and unstable weather.

Corn prices maintained an upward trajectory in the first week of October, with the ESALQ/BM&FBovespa Indicator (Campinas – SP) returning to the level of R$ 65 per 60 kg bag. According to Cepea's analysis, the movement was driven by reduced selling and seasonally heated demand in the spot market. In the fields, producers have adopted caution due to the return of rains in important producing regions in the South and Midwest. Although the water relief favors the start of sowing for the summer crop, the intensity of the precipitation also hinders the advancement of field activities. This weather scenario helps to limit the supply in the physical market. Another supporting factor comes from the external front. Brazilian corn exports continued at a good pace in September, which supported prices both at the ports and in the interior of the country. The commercial movement helps to clear part of the safrinha stocks, reducing the downward pressure typical of the period. On the demand side, ...