Brazil’s corn export program increased, and prices rose, according to TF Agroeconomia. “December’s quotation was maintained at USD 94/bushel; July 23 was also maintained at USD 49 cents/bushel; August 23 remained at USD 81, and September was also quoted at USD 81 cents/bushel”, said the entity. “The export program began to increase with the shipments of Brazilian corn to China. On Thursday, the first ship left, and there are 3 more ships to leave. There are 15 previously ordered ships, mostly from the state-owned Cofco, which have already been contracted”. The company also said “the daily market monitor in the interior of the country showed the intense movement of corn, not linked to Chicago. This is a sign that prices are based on the Dalian Stock Exchange, which we started to follow along with the others.”
Source: Agrolink (*Translated by Ia Niani)