Unchanged premiums and slow marketing for maize in Brazil
Maize (Corn)
Brazil
Published Dec 13, 2022
Tridge summary
In the Brazilian corn export market, premiums are unchanged and sales remain slow, according to information released by TF Agroeconomia. “December's premium remained at $97/bushel, July 23 rose to $50 cents/bushel and rose in August 23 to $90/bushel and September also to $90 cents/bushel,” he comments.
Original content
In the Brazilian corn export market, premiums are unchanged and sales remain slow, according to information released by TF Agroeconomia. “December's premium remained at $97/bushel, July23 rose to $50 cents/bushel and rose in August23 to $90/bushel and September also to $90 cents/bushel,” he comments. “Until the beginning of this year, China was supplied with corn from practically only two sources: the United States and Ukraine, but after the Russian invasion of the latter country, this supplier was compromised. Furthermore, due to the Taiwan issue, the relationship between the US and China is at an all-time high. In this context, the Chinese government, in addition to promoting greater purchases of alternative products – such as sorghum and forage barley – went in search of new corn suppliers. And it established negotiations with the Brazilian government with the objective of starting to ship Brazilian corn from this commercial crop. This news, of course, while clearly bearish for ...
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