Mixed premiums for the Brazilian corn export market

Maize (Corn)

Brazil

Published Jun 1, 2023

Tridge summary

In the Brazilian corn export market, premiums in mixed, this Wednesday, according to information released by TF Agroeconomia. “Premiums down $5 cents to $20 cents/bushel for July 23; up $6 cents/bushel to $52 August; stayed at $45 in September; rose $3 cents to $48 for October and $3 cents to $53 cents for November,” he comments.

Original content

“The daily monitoring carried out by TF Agroeconomia shows continuous fluctuations in premiums. As the premiums show the interest or not for a certain port and a certain month, it is clear that the increase in the premium for a month means an increase in demand for that month. Thus, we can detect a lack of interest for the months of July and September and some interest for shipments in August, October and November”, he adds. In Paraguay, prices have improved, stimulating business and the new crop is beginning to move forward. “Corn had a pretty slow day. Although there was significant buying interest in different destinations, from different players, price changes made it difficult to do business. At the beginning of the day there was still the possibility of some deals with slightly more attractive values, but later everyone corrected their indications”, he indicates. “The FAS market corrected its numbers following the quotations, while ...

Source: Agrolink