Record production in the USA pressures corn prices

The new USDA projection indicates a significant advance in production, consumption, exports, and final stocks of corn in the United States for the 2025/26 season. According to an analysis by Itaú BBA, the entity estimates that American production will reach about 425 million tons, supported by an increase in area and improved productivity. On the demand side, exports have been adjusted to 78.1 million tons and final stocks are expected to grow by about 40 percent compared to the 2024/25 cycle. Even with the projection of a drop in global corn stocks, the high supply in the U.S. tends to keep prices pressured. The scenario is reinforced by strong Chinese production and the country's lower need for imports. This comfortable balance in the American balance acts as a limiting factor for significant increases in the international cereal market. In Brazil, the planting of soybeans for 2025/26 is advancing in good conditions in Paraná and part of Mato Grosso, while Goiás and Minas Gerais ...