Record harvest in Brazil and the US puts pressure on corn prices

Corn prices continued to fall last week, according to Cepea surveys. According to the Research Center, in addition to external pressure, reflecting estimates of record global production, particularly in the United States and Brazil, the restrained stance of buyers also influenced domestic declines.

These claimants are betting on more significant devaluations, based on the progress of the harvest, the difficulties in storing the record crop and the need to sell to pay debts from August and September, as explained by researchers.

The USDA estimates the 2025/26 U.S. corn harvest at a record 425.25 million tons; Brazil is forecast to produce 131 million tons. Overall, global production will reach 1.28 billion tons, up from 1.22 billion tons in the 2024/25 season.

Specifically for Brazil, Conab pointed out this Thursday, 14, that, in 2024/25, 137 million tons will be produced, 18% higher than the 2023/24 season and also a record.