- Posted by Rafael Moro
The Brazilian corn market kept prices little changed in this shorter business week, due to the holiday this Thursday. And, with the holiday, the week was even slower in marketing. Quotations did not fluctuate so much, given the supply contained in many squares and with the recent highs for corn on the Chicago Board of Trade supporting the cereal in ports.
There were no large variations in prices, but there was better support compared to the previous week, when prices fell more with increasing supply.
In the balance of the last seven days, between Thursday (May 27) and this Thursday (June 3), corn in the Port of Santos on purchase basis rose from R$ 84.00 to R$ 85, 00 the bag, an increase of 1.2%.
The price of corn in Campinas/CIF in the same comparison rose in sales from R$ 100.00 to R$ 103.00 per bag, up 3%. In the Mogiana region of São Paulo, the cereal remained stable on sale at R$ 102.00 per bag.
In Cascavel, Paraná, in the weekly comparison, the price rose from R$96.00 to R$97.00 a bag, up 1.0%. In Rondonópolis, Mato Grosso, the price dropped from 84.00 a bag to R$ 83.00 (-1.2%). In Erechim, Rio Grande do Sul, the value dropped from R$ 98.00 to R$ 97.00 per bag, down 1.0%.
In Uberlândia, Minas Gerais, corn prices remained at R$ 95.00 per bag. In Rio Verde, Goiás, the market remained stable at R$93.00.
Brazilian corn exports had revenues of US$4.420 million in May (21 working days), with a daily average of US$210.5 thousand. The total amount of corn exported by the country was 13,919 thousand tons, with an average of 662.9 tons. The average price per ton was US$ 317.60.
In relation to May 2020, there was a decrease of 37.23% in the average daily value of exports, a 46.83% decrease in the daily average quantity exported and an increase of 18.06% in the average price. The data are from the Ministry of Industry, Trade and Services and were released by the Foreign Trade Secretariat.
By: Lessandro Carvalho | Safras & Mercado
This text was automatically translated from Portuguese.