Cepea, May 6 2019 – Corn prices dropped sharply in Brazil for one more month in April, influenced by sellers’ interest in trading and purchasers’ pressure, since supply is expected to be high in the coming months – only the farmers with high stocking capacity were retracted from trades, waiting for quotes to rise.
Conab expects the Brazilian corn output to reach 94 million tons, which, added to initial inventories at 14.3 million tons and imports at 500 thousand tons, would lead to a supply of 108
Fonte: CEPEA
