Domestic corn prices fell again across most regions monitored by the Center for Advanced Studies in Applied Economics (Cepea) last week, continuing the downward trend. Market pressure stemmed from hesitant buyers who opted to draw down existing stocks rather than make immediate purchases in anticipation of further price drops. The active demand on the spot offered lower prices for new lots. Cepea’s study also revealed that many sellers are still actively involved in fieldwork and are willing to negotiate terms such as pricing and delivery timelines. Weather concerns linger, however, as dry conditions in March threaten second-crop yields in key states like Paraná and Mato Grosso do Sul. Farmers are closely monitoring forecasts, and the anticipated return of rains could help mitigate potential losses.
Source: Revista Globo Rural