In the state of Rio Grande do Sul, after a downturn in the lot market, the price of corn today has fallen by R$1/sack, according to information from TF Agroeconomia. “The harvest of the summer crop continues to advance in the state, as the rains, when they come, are few and very sporadic. We pass 35% of the harvested acreage in the state. Starting February prices (last industry): R$88.00 in Grande Santa Rosa, And R$ 88.00 in Igoi, R$ 93.00 in Marau district, R$ 94.00 in Lajedo district.Porto indicated R$94.50 at the best time, delivery in February and payment in March.Seller keeps asking for between R$88.00 to Inland R$92.00 (when offers are available),” he comments.
An unchanged market in Santa Catarina, where large companies buy corn from overseas and local growers. “No major changes. Buyers market was R93.50 to R94.50 in Midwest from North Carolina and increased to R93.50 a bag in West with immediate delivery and payment in February. Seller very slow batch . Not an iota is taxed. to chop corn. Seller deferred R$93.5 to R$95.00 Midwest and R$95 West. The indices were up by R$1.5/bag in the Midwest and West. Bar prices are unchanged at R$84/bag in Campos Novos, Guasaba and Concordia and R$82.50/bag in Chapeco,” he adds.
In Paraná, crops are good and the market is back to buying from home for export. “The corn market is quiet again today. We’ve seen three deals: FOB Guarapuava, with carry trade, at R$88 – 2,000 tons CIF Port SFS, possibly MS Corn, with carry trade, 1,000 tons at R$87/bag. FOB Carambeí, small producer, 300 tons, for a small farm at R$89/bag, postage.”