브라질 옥수수 인사이트

Brazil's corn harvest for 2024-25 is expected to be the second largest in the country's history, with a projection of 127 million tons, according to a study by Joana Colussi, Gary Schnitkey, and Nick Paulson from the Department of Agricultural and Consumer Economics at the University of Illinois. The volume surpasses last year's record and previous estimates, driven by favorable rainfall in April and May, which benefited the main producing regions of the second crop, responsible for 78% of the total harvest.

Corn: High Supply Forecasts Maintain Falling Prices Cepea surveys show that corn prices continue to decline. Good climatic conditions during the development of the second crop in Brazil reinforce expectations of a voluminous production in the 2024/25 season and, consequently, pressure on quotations. Last week, Conab pointed out positive adjustments in harvest estimates. Brazilian production is projected at 128.25 million tons, 1.37 million tons above the May estimate. For the second crop, the volume should reach 101 million tons, compared to the 99.8 million tons announced in May, 12% higher than the previous season and still the second largest production in Conab's historical series. Soybeans: Grain Prices Remain Firm, but Derivatives Decline Soybean grain prices continue to be sustained in the Brazilian market. Cepea researchers explain that, amid a scenario of abundant supply, heated external demand has been ensuring price support. Meanwhile, soybean flour and oil values are ...

According to information from TF Agroeconômica, the corn market on B3 recorded a drop this Monday, following the devaluation of the dollar, which reached its lowest level since October 7, in addition to the decline in Chicago quotations. The drop in prices is also related to the weak performance of Brazilian exports. According to data from the Foreign Trade Secretariat (Secex), Brazil exported only 7.8% of the volume traded in the same period last year, which affects the regulation of internal stocks and international price parity.