Cepea, April 17, 2020 – The high price levels for corn in the Brazilian market added to uncertainties related to the covid-19 pandemic led purchasers to slow down the purchasing pace for new corn batches, mainly for large amounts. This scenario and international price drops for corn pressed down quotes in Brazil in the first fortnight of April.
In the United States, gasoline devaluations and the covid-19 pandemic have been limiting the demand for corn – it is worth to mention that the production of corn ethanol is high in the USA
Fonte: CEPEA
