Don't be fooled by the corn

The corn market is in a recovery phase in Brazil in the second half of the year, albeit very slowly, influenced by low export prices. According to information from TF Agroeconômica, the expectation is that producers will be able to achieve sales at better prices than those recorded in the first half of the year. However, the warning is not to be deceived: after the harvest, the cost of loading positions may compromise profitability. The consultancy highlights that if the offered prices are below the projected values for October onwards, the producer should have already taken advantage of previous opportunities, avoiding losses. Among the factors driving prices up, attention is drawn to the reluctance of American farmers to accept current prices, which has limited part of the supply and sustained a slight appreciation in Chicago. In addition, the good pace of exports helps to maintain support for the market, although the US government shutdown reduces the transparency of USDA ...