Corn: uncertainties in exports remain

Brazilian corn maintained stable prices in the first half of November, averaging R$ 62.52 per bag in Rio Grande do Sul, according to a survey by CEEMA. The values ranged between R$ 48.00 and R$ 64.00 in the main regions of the country. The new crop, estimated between 138 and 144 million tons for 2025/26, will depend on climatic conditions. The secondary crop is expected to reach 110.5 million tons, a 2.5% decrease from the previous cycle. The summer crop may grow to 25.8 million tons. Despite the expectation of increased production, the pace of exports is concerning. In October, the country shipped 5 million tons, but in the first five business days of November, the daily export volume was 8.3% lower than in the ...