Corn should maintain stability with firm domestic demand

According to an analysis released by Grão Direto on Monday (10), the domestic corn market is beginning to react to the delay in soybean planting, which is considered a relevant risk factor for the sector. According to the platform's specialist, "the irregularity of the rains until the first half of November has affected the soybean calendar and may reduce part of the corn production in the ideal planting window in the Midwest." The assessment indicates that this change is already beginning to influence expectations about the planted area of the second crop, with potential impacts on future supply. The survey also highlighted that Brazilian corn exports remain below expectations, as most of the production has been destined for the domestic market. "The strong demand from the ethanol and animal protein industries has sustained prices, ensuring stability in quotations," the specialist reported. According to him, in this scenario, producers have adopted a cautious stance in sales, ...