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Corn prices face resistance to decline at the end of the harvest

Even with the harvest in its final stages, the downward movement in corn prices lost momentum over the past week, with some regions even showing a slight increase.

Cepea researchers indicate that price support came from the firm stance of sellers and price increases at ports, which, in turn, were influenced by the improvement in the pace of shipments and the rise in the dollar and external exchange rates.

Some of the sellers consulted by Cepea once again limited spot supply, focusing on field activities and waiting for better opportunities.

Others who already have the grain harvested and stored do not see the need for immediate sale.

Domestic buyers, in turn, prioritize the consumption of stocks and/or prefer to save the delivery of batches for negotiations in advance – Cepea researchers even highlight that this context limited further advances in domestic prices.

THE MM Cereais works with the best grains on the market and also keeps you up to date with the latest news and analyses on agribusiness.
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