Producers limit supply and keep corn prices steady

According to the analysis by the International Center for Economic Analysis and Agricultural Market Studies (Ceema), referring to the week of August 8 to 14 and published on Thursday (14), the corn market in Brazil registered a slight increase in some locations. In Rio Grande do Sul, the weekly average was R$ 62.37 per bag, while the main local areas practiced values between R$ 59.00 and R$ 60.00 per bag. In the rest of the country, prices ranged between R$ 45.00 and R$ 64.00 per bag. Ceema pointed out that negotiations with the cereal were punctual in the national free market, with sellers limiting supply in expectation of better prices. "Many consumers are receiving lots negotiated in advance and using the stocks," said the report, which also highlights that operators are betting on a drop in prices in the coming weeks due to high production and high passing stocks, while the pace of exports is still weak, despite improvement in August, according to the Cepea. The planting of ...