CEPEA Corn Market Report: Indicator Price Retreats, But Values Rise in Other Regions
According to CEPEA, corn prices in Campinas, Brazil, fell last week due to increased spot market supply from the advancing summer crop harvest. However, prices in other regions rose, supported by producers' firm stance amid freight uncertainties. Meanwhile, corn exports in the first half of March showed strong performance, with daily average volumes up 14% year-on-year.
The CEPEA research center at the University of São Paulo reported on March 30, 2026, that corn prices in Campinas (SP), the reference point for the ESALQ/BM&FBovespa Indicator, declined last week. Researchers from CEPEA indicated that the progress of the summer crop harvest increased the supply of the cereal in the spot market, leading buyers to either withdraw or offer prices below sellers' asking rates.
However, in other regions, corn prices continued to rise. This upward trend was primarily sustained by the firm stance of producers amidst uncertainties regarding freight costs. This regional price divergence reflects the complex supply and demand dynamics within the Brazilian corn market.
On the international trade front, according to data from Secex, 784,200 tons of corn were shipped during the first 15 business days of March. This volume represents 90% of the total exported in March 2025, with a daily pace 14% higher than that recorded a year ago, indicating strong export momentum.