Corn rises 5.81% in August.

The price of corn The price has accumulated a 5.81% increase in the first half of August, even with the second crop harvest nearing completion and record production estimates. According to data released by Cepea, buyers and sellers remain cautious in the Brazilian market, while negotiations are occurring only sporadically.

According to data released by Cepea, producers continue to limit supply while waiting for more attractive opportunities, given the recent price increases recorded in the international market. This stance by sellers occurs even with the second crop harvest in its final stages and with estimates of record production.

On the demand side, buyers are encountering resistance due to the high prices demanded by sellers. Even so, in some cases, they end up accepting these prices due to the need to acquire goods in the short term. Another segment of consumers has resorted to stockpiling to meet their supply needs.

In this scenario of sporadic negotiations, the main price indicator is showing an increase in the Brazilian market. According to data released by Cepea, the ESALQ/BM&FBovespa Indicator, referring to the Campinas region (SP), accumulated an increase of 5.8% in the partial month of August up to the 27th. The increase occurs in an environment marked by the retraction of buyers and sellers, with producers restricting supply and consumers evaluating alternatives to meet demand in the short term.

According to data released by Cepea, the producers' strategy of limiting sales is related to the search for opportunities considered more attractive in the market. Recent increases in the international market reinforce this stance, contributing to the lower availability of corn traded on the spot market. At the same time, buyers who need to replenish lots in the short term face higher prices and, in some cases, choose to accept the prices requested by sellers.

Using existing inventories is emerging as an alternative for some consumers in the face of high prices. According to data released by Cepea, while some buyers accept the prices requested by sellers to secure lots in the short term, others are resorting to their existing inventories. As a result, negotiations remain sporadic, even with the progress of the second harvest and estimates of record production.