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External demand drives corn shipments

Brazilian corn exports intensified in September, with the volume exported in the first half of the month already exceeding the total for the same period in 2024 by 3%.

According to Cepea researchers, the improvement in the shipping rate is due to deals being made in advance, given that liquidity at ports is slower.

In turn, researchers from Cepea explain that the slowness at the ports is due to the fact that prices in Paranaguá (PR) and Santos (SP) are operating very close to those practiced in the national market, therefore reducing the interest of sellers in new export transactions.

According to data from Secex, exports in September (partial, considering the first 20 working days) totaled 6.6 million tons, above the volume recorded in the same month last year.

In the 2024/25 harvest (from February/25 to partial September/25), shipments total 18.8 million tons, 4% below the volume shipped in the same period of 2024.

In the coming weeks, Cepea researchers indicate that the pace of shipments may slow again. This is because Brazilian grain is expected to face strong competition from the arrival of the record US harvest.

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