Cepea, June 1st, 2021 – Corn prices dropped in late May in most Brazilian regions surveyed by Cepea, due to the higher interest of sellers in marketing the cereal.
Farmers were more interested in closing deals in the spot market, since the harvesting of the second crop is near, crops conditions are expected to improve, and international corn prices decreased. Purchasers opted for consuming their own inventories, expecting new devaluations as the harvesting advances
Fonte: CEPEA
