Although in a localized and punctual manner, the harvest of the second corn crop has begun in Paraná and parts of Mato Grosso.
At the same time, activities involving the summer harvest are also progressing and approaching the final stretch.
Cepea researchers indicate that, in light of this, the volume of cereal available for trading is greater on the spot market, a context that has been putting pressure on prices.
On the demand side, many agents, aware of this scenario and estimates indicating an abundant harvest, remain at a distance, waiting for new devaluations.
On the foreign market, cereal prices are rising, influenced by reports of excessive rainfall in Argentina, storms in producing regions in the United States and also by forecasts indicating the possibility of frost in the Center-South of Brazil next week.
Cepea researchers emphasize that not even this reaction in external values was enough to contain price drops in the Brazilian market.
In addition to the weather, the Brazilian sector is also monitoring developments in light of the confirmation of a case of bird flu on a commercial farm in Brazil, which could impact demand for corn in the medium term.