Corn prices fall again as harvest progresses and demand weakens

After a slight recovery, domestic corn prices fell again last week, according to surveys by Cepea.

According to the Research Center, the pressure came mainly from the lack of consumers, who are expecting greater devaluations as the second harvest progresses.

Furthermore, exports are lower compared to last year and still far from what was estimated by Conab.

Despite the delay compared to the previous year in the national average, some areas in the states of Mato Grosso and Goiás have shown a good harvest pace and high productivity, punctually increasing the supply available for business, as researchers explain.

Regarding exports, data from Secex analyzed by Cepea show that, from February until the fourth week of July, the volume shipped was limited to 4.3 million tons, compared to the 7 million shipped in the same period of 2024 and still far from the 34 million projected by Conab until January/26.