Planting of Brazilian second crop of corn is advancing

While the international market is moving toward the US crop, the Brazilian market keeps trying to reach August, during the harvest of the corn second crop, without major risks of supply and prices. The consumer sector is taking some advantage at this moment, as Brazilian growers are excited about Argentina’s losses and have decided to hold more soybeans. Meanwhile, physical corn or the one to be reaped in the summer is sold. Growers seem not inclined to retain corn and bet all their chips on soybeans. At the same time, attempts are being made to condition corn prices in Brazil to possible future cases of Avian Influenza, with the next migratory wave occurring only from November. The Brazilian market is reaping its summer crop and trying to organize logistics in the middle of a record soybean crop, constant rains, and difficulties with roads and ports. Amid all this, growers continue to reap corn, trying to organize space for storage and, as has been routine, selling corn to ...