Despite reaching a record production of 141 million tons in 2024/25, a 22% increase driven largely by a favorable second harvest, the Brazilian corn market saw prices recover through much of 2025, trading above the previous year’s levels. According to Cepea, this strength surprised the sector, given the large volume of harvest. A key factor supporting prices was the historically low carryover stock, which stood at just 1.8 million tons in January. This tight supply, combined with firm demand, seller resistance, and logistical challenges, pushed quotations upward, particularly in the first quarter.
Source: Agrolink (*Translated by Ia Niani)