Prices down with seeding progress in US

Planting activities in the United States reached 30 percent between April 29 and May 6, according to the United States Department of Agriculture (USDA). In this rhythm, North American growers bet on a cultivated area closer to the intended one. In this context, corn prices decreased expressively at the Chicago Mercantile Exchange (CBOT).

The decrease of international prices pressures the corn price delivered in Parangua Port down (3 percent in Real) between April 30th and May 15th, with the product averaging 18.76 reals or 9.47 dollars per bag this Tuesday. The CEPEA/ESALQ Index (Campinas region - Sao Paulo state) closed at 18.60 reals or 9.38 dollars per bag, dropping 0.7 percent in Real in the fortnight.

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