The exchange rate does not help, but Brazil has been exporting corn this year. The fact is that the international market is a good option when the domestic trades moves slowly, affected by a bag time for poultry and pork sectors. By exporting, the intention is to support prices in Brazil. In comparison to the beginning of May, prices received by growers in the first week of June increased around 7 percent - they keep moving up since middle April. Shipments should continue in June, given the inventories available in Paranaguá Port.
The Brazilian winter corn crop, starting in July, should totalize 3.35 million tones, according to Paraná Agriculture Secretariat (Seab). The volume is 4.6 percent lower from the April's forecast.