EN 
PT_BR 
July marked the third consecutive month of decline in corn prices, both internationally and domestically. This movement reflects the favorable outlook for the American harvest and the increased supply of the grain in Brazil, which is harvesting a second crop considered a record, according to Itaú BBA Agro.
On the Chicago Board of Trade (CBOT), prices fell 5.5% in July, closing the month at US$$ $4.08 per bushel. So far in 2025, the decline has reached 14%, with the most significant losses recorded in recent months. This performance is directly linked to positive weather conditions in the United States, where 73% of corn crops are rated as good or excellent, the best figure in the last five years for this period. Production is expected to reach close to 400 million tons in the country.
In Brazil, the advance of the second crop harvest has increased supply and further pressured domestic prices. In Sorriso, Mato Grosso, the bag fell 3% in July, to R$ 41.90. Since April, when it reached its highest level of the year, the grain has fallen 39% in the state.
The harvest pace remains in line with the average of the last five harvests, reaching 75% of the total area in the country. Mato Grosso has already completed virtually all work (95%), followed by Piauí (92%), Paraná (65%), and Goiás (60%). Some states, such as São Paulo and Goiás itself, are still lagging behind the historical average.
Despite the high supply, sales are progressing more slowly than in previous years. By early August, 43% of the 2024/25 harvest had been sold, compared to 50% in the same period last season, according to a survey by Safras & Mercado. Producers, cautious about falling prices, have prioritized the sale of soybeans, which are currently more profitable.
