Corn prices continue to rise in most regions monitored by Cepea. According to the Research Center, the boost comes from the combination of low stocks and heated demand for the cereal.
At the end of last week, the Esalq/BM&FBovespa Indicator (Campinas – SP) was approaching R$ 90/60 kg bag, a nominal level last seen in April 2022.
Data from Conab indicate that initial stocks for the 2024/25 season are just 2.04 million tons, lower than the 2.1 million tons indicated in February 2025 and well below the 7.2 million tons of the 2023/24 harvest.
The current stock represents only 2.4% of the annual corn consumption by the domestic market, estimated by Conab at 86.97 million tons in 2024/25.