Increased supply and reduced demand put downward pressure on corn prices

Corn prices continue to fall in the domestic market, according to a survey by Cepea.

Researchers explain that the supply of cereal has been increasing, and the expectation is that availability will remain high in the coming weeks, especially due to the start of the second crop harvest.

This scenario, according to the Research Center, leaves sellers more flexible in business and consumers further away from acquisitions – these demanders only buy volumes for the short term.

At the beginning of last week, news indicating the possibility of frost in some corn-producing areas even provided some support to prices, as it left producers cautious.

In any case, the prospect of ample supply in Brazil prevails and keeps values falling.