External uncertainty, volatile oil prices, and high freight costs are reducing liquidity in the corn market.

The Brazilian corn market experienced low liquidity last week. According to researchers from CepeaThe uncertain external environment, the volatility of oil prices, and the increased cost of freight in the country led sellers to stay away from the spot market. As a result, trading involving the grain was limited, and prices showed only minor variations.

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In Campinas (SP), the Esalq/BM&FBovespa IndicatorThe index, which had retreated the previous week, recovered throughout last week, reflecting a lower willingness to sell on the part of sellers.

In the fields, weather conditions favored the progress of the first corn harvest in the main producing regions, as well as the sowing of the second season, indicating an adequate pace in agricultural activities.

In the external market, on the other hand, corn prices fell. According to Cepea, speculation about a possible end to the military conflict in Iran put pressure on oil prices and, consequently, on corn prices, especially last Wednesday (1st).