The commercialization of corn still continues to be better than that of soybeans, according to expert Luiz Fernando Pacheco, analyst at T&F Consultoria Agroeconomic. According to him, this happens because oilseed prices are not as valued as cereal prices.
“Even though they have declined in the last two weeks, corn prices are still more attractive than soybean prices, whose prices are increasingly moving away from the level desired by farmers. Corn prices are still at a more acceptable level, although they also fell by around 5.10% this month of July compared to the value on the last day of June. This Friday, average prices in Campinas, the country's main reference market, fell 0.77% to R$ 36.28/bag”, he comments.
Furthermore, the harvest has already reached 63% of the planted area in Safrinha, which makes buyers more comfortable, especially given the record final stocks expected for this season. Among the positive factors are the relatively high prices in Chicago, good international demand, a greater diversification of destinations, in addition to higher margins than for soybeans. The main negative factors are the start of the Ukrainian corn competition and the drop in premiums.
“In RS, the market was very slow this week, with only a few occasional volumes being negotiated in the interior, around R$ 37.00 FOB, all for the domestic market. For exports, no business reported, interests only for next year, but without closing deals due to the large gap between orders and offers”, he adds.
Post: Marina Carvejani
Author: Leonardo Gottems
Source: agrolink
