Firm quotations even with the harvest ending

Brazilian corn market keeps moving slowly in this harvest ending period. For a while, buyers have been receiving the product from anticipated contracts. At the same time, they are concerned about the prices in the next months, since they could need to fulfill stocks.

Few growers are willing to trade, given that they were more capitalized compared to previous years. Moreover, lots of them have been considering the soybean more profitable, trading this product instead the corn.

Between March 31st and April 30th, the ESALQ/BM&F Index (Campinas region - Sao Paulo state) increased 5 percent in Real, closing at 27.39 reals or 16.47 dollars per bag of 60 kilos on Wednesday, Apr 30th.

Regarding the harvesting in the Rio Grande do Sul state, the Emater (Regional Agriculture Office) showed that more than 60 percent of the total area cultivated was already harvested. For the Paraná state, until April 28th, activities reached 87.2 percent of the main corn crop area - Seab/Deral (Paraná Agriculture Secretariat). (Cepea - Brazil)

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