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Nearness of the harvesting presses down values in the Brazilian spot market

Cepea, June 16, 2021 – With the nearness of the harvesting of the second 2020/21 crop, corn prices dropped in the spot market of most Brazilian regions surveyed by Cepea in the first fortnight of June.

 

Purchasers were postponing deals, expecting prices to decrease more as the harvesting advances. Sellers were cautious about making large volumes available in the market, since inventories are low and many of them are still uncertain about crops productivity
Fonte: CEPEA



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