April 13, 20262 views0 shares
CORN/CEPEA: Indicator Remains Stable Around R$69/bag
According to CEPEA researchers, corn prices have largely remained stable around R$69 per 60kg bag this month, despite minor recent domestic market declines. Buyers are cautious due to existing stocks and expectations of further price drops, leading to weakened demand. Sellers, in turn, have shown increased willingness to reduce prices to facilitate transactions.
The CEPEA research center at the University of São Paulo reported that corn prices have remained stable this month, hovering around R$69 per 60kg bag. This stability persists despite minor declines observed in the domestic market in recent days.
According to CEPEA researchers, these recent price reductions were primarily influenced by low buyer interest. Many buyers are currently holding sufficient stocks and anticipate more significant price drops in the coming days, leading them to adopt a cautious stance in negotiations. This 'wait-and-see' approach has resulted in weakened market demand.
In response to the subdued demand, sellers have shown a greater willingness to negotiate. To facilitate sales, they have, at times, even lowered their offered prices. CEPEA attributes this market dynamic to several factors, including a decrease in the exchange rate, which reduces export parity, the advancement of the summer crop harvest, and other comprehensive market influences.