The corn indicator returns to surpassing R$ 65 per bag

Corn prices continued to rise last week, with the Esalq/BM&FBovespa Indicator returning to operate in the range of R$ 65/sack of 60 kg. According to researchers at Cepea, the boost came from the retreat of sellers and the punctual heating of demand. Sellers are attentive to the weather for the sowing of the summer crop. The return of rains in the southern regions and especially in the Central-West brings some relief, but also prevents field activities from being carried out more intensively. In addition, Brazilian exports in September showed a good pace, supporting prices at ports and in the interior of the country. On the buying side, some ...