Global corn market adjusts prices among exporters

The international corn market showed distinct movements among the main exporting origins, reflecting price adjustments, global competition, and the behavior of major consumers. According to TF Agroeconômica, U.S. FOB corn was quoted at $214 per ton, while Argentine corn was at $218 and Brazilian corn at $222. In the case of Argentina, approximate FOB corn prices closed around $215 for shipments in January and February, with a drop to $208 in April. In the United States, flat values rose to $214 FOB. In Argentina, official quotations on the Up River remained at $218 FOB, while in Brazil there was a drop to $222 FOB at the port of Santos. In other relevant exporters, prices were $229 FOB in France, $225 FOB in Romania, $220 FOB in Russia, and $215 FOB in Ukraine. The disclosed values represent an approximate conversion to dollars per ton, since corn export deals are conducted based on premiums, allowing an estimate of the effective cost for Brazilian importers. In this context, ...