In the harvest monitoring bulletin, released on Tuesday (11), the National Supply Company (Conab) reported that it made an adjustment in the last ten years of the corn exports historical series, resulting in the change in the supply and demand picture of the cereal in the country. Thus, the final stock of the harvest should reach 8.4 million tons, with a downward bias, which becomes a complicating factor for the beginning of the 2020/2021 harvest in the country, according to the technicians’ evaluation. Conab took into account the data from the Foreign Trade Secretariat (Secex), which has adjusted its export figures, to be very close to the physical shipping reports. Therefore, at the close of the 2018/2019 harvest, corn exports stood at 41.17 million tons, and the volume was very close to the line ups (shipping schedules) presented by the trading companies.
Source: Revista Globo Rural