The Brazilian market for corn has experienced a downward change over the past few days. According to Francisco Queiroz, Itau BBA Consulting’s agro analyst, prices on the Brazilian Stock Exchange (B3) and in the physical market are under pressure due to the accelerated harvesting of the summer crop and the second crop planting. The analyst said that this pressure would likely persist over the upcoming weeks. However, in the medium and long terms, the situation could stabilize due to the high demand anticipated for exports, animal feed, and protein products on both the domestic and international markets.
Source: Notícias Agrícolas (*Translated by Ia Niani)