Cepea surveys show that corn prices reacted last week in some regions monitored by the Research Center, interrupting the downward movement seen since the end of March.
According to researchers at Cepea, support came mainly from the return of buyers to certain locations, such as São Paulo.
These demanders were more active because they were trying to replenish their stocks and stock up for the coming weeks, when holidays could make deliveries difficult. Sellers, however, aware of the increased demand, once again limited supply and asked for higher prices.
Regarding national production for the 2024/25 harvest, a report released last week by Conab indicated 124.74 million tons, an increase of 8% compared to the previous season.