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Firm demand and sellers? retraction underpin quotes at high levels in BR

Cepea, February 19 2019 – Brazilian purchasers have been gradually returning to the corn market to close new trades, since they seem to have shorter inventories for the coming weeks. Sellers, on the other hand, continue retracted, based on lower supply and logistic issues. In the second week of February, Conab (National Company for Food Supply) released new estimates for the 2018/19 season that confirm a production decrease in the summer crop as well as higher production estimates for the second crop
Fonte: CEPEA



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