Cepea, May 18, 2021 – It rained in some corn-producing regions in Brazil in the first fortnight of May, however, the volume was low, and farmers are still concerned about the water deficit, majorly in Paraná, Mato Grosso do Sul and in some areas in the southeastern region of the country.
Thus, sellers are watching for the effects of the weather on crops productivity, limiting corn supply in the Brazilian spot market. In the first half of May, many purchasers that needed to replenish inventories for the short term ended up paying higher prices for the product
Fonte: CEPEA
