Last week, the Brazilian corn market saw higher prices as producers once more lowered their supply fixations for sale and showed more buying interest. Although the offers were better and prices were starting to drop, the shift in the currency rate once more affected the availability of the cereal. Buyers may need to make an extra effort to attend the market before the end of the year, depending on the circumstances. Market focus areas should include the exchange rate and port parity for shipment improvement, as well as corn development circumstances in Brazil and other South American countries.
Source: Safras & Mercado (*Translated by Ia Niani)