Aware of recent price increases at ports and in the foreign market, Brazilian sellers are limiting the supply of corn on the spot market and\/or asking for firm prices in new deals, according to Cepea surveys.<\/p>\n
On the other hand, domestic demand remains weak, a context that prevents more intense price increases, researchers explain. Consumers are using inventories, waiting for an increase in supply, based on the possibility that producers will need to sell.<\/p>\n
It's worth noting that the harvest is expected to be a record in Brazil and the United States. Meanwhile, external demand is heating up. Corn exports, which were weak until July, have recovered, mainly reflecting early negotiations for the grain.<\/p>\n
Furthermore, the increase in export parity and the consequent greater interest in sales to the international market also support domestic values and maintain expectations of further advances.<\/p>\n
The daily shipping rate in August 25 exceeded that observed in August 24 by 18%, with the volume transported also 13% higher in the same comparison, totaling 6.84 million tons, according to Secex data analyzed by Cepea.<\/p>\n<\/div>\n