Producer holds onto corn and prices remain firm

In the external market, corn prices are falling, pressured by expectations of higher global production in the 2024/25 and 2025/26 harvests. However, the strong pace of international purchases of U.S. corn has mitigated these declines. In Brazil, corn shipments showed progress in November. Data from the Secretariat of Foreign Trade (Secex) indicate that, until the tenth working day of the month, the country exported 2.67 million tons of the grain, with a daily average 7.6% higher than that recorded in November 2024. If this pace is maintained, exports could reach the 5 million ton mark for the month. In the fields, the sowing of the summer crop continues to perform well. ...