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Possible record output drives purchasers away from the spot and prices drop in BR

Cepea, August 5 2019 – Perspectives for a possible increase in corn supply in the coming weeks, as the harvesting advances in Brazil, pressed down quotes in the Brazilian market in July. On the other hand, the fast exports pace constrained the price drops in some regions in the country.

 

In general, purchasers were postponing acquisitions of new batches, expecting better trading opportunities, while sellers prioritized the delivery of batches previously purchased
Fonte: CEPEA



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