The Brazilian corn market ended January with lower prices.
In some states, prices dropped a little as the summer harvest progressed, but the trend is for this scenario to reverse throughout February.
The soybean harvest pace is still quite slow, with the development of crops delayed this year, which has opened a good window for corn shipments throughout February, something that is not very common.
In the month’s balance, corn fell from R$86 to R$85 at the sales base in Cascavel, Paraná.
At the Port of Santos, the price fell from R$90 to R$88 per bag.
Brazilian corn exports generated revenue of US$1.845 billion in January (22 business days), with a daily average of US$83.898 million.
The total amount of corn exported by the country was 6.348 million tons, with an average of 288.546 thousand tons. The average price per ton was US$ 290.80.
Compared to January 2022, there was a 163% increase in the average daily export value, a 121.8% increase in the average daily quantity exported and an 18.6% increase in the average price.
Source: Canal Rural