Cepea, June 3, 2025 – The corn supply has been increasing in the domestic market, and this scenario is likely to continue to be observed in the next weeks, especially because of the progress of the second crop harvesting. This context leads sellers to be more flexible about trades and consumers to be away from closing deals – they buy only for the short-term.
In late May, forecasts of frosts in some corn producing areas in Brazil sustained quotations, since this scenario concerned producers, and there are new projections of frosts and low temperatures in the South, Southeast and some regions in the Central-West. However, the perspective of high supply in Brazil continues and keeps pressing down values.
PRICES – The ESALQ/BM&FBovespa Index (Campinas, SP) dropped 13.95% between April 30 and May 30, closing at BRL 68.95 per 60-kilo bag on May 30.
EXPORTS – In May (16 producing days), Brazil shipped only 37.33 thousand tons of corn, below the 413.37 thousand tons sold in May/24, according to data from Secex.
CROPS – The second crop harvesting has been advancing in Paraná and in Mato Grosso. According to data from Conab, the national average was at 0.3% until May 24. The summer crop harvesting, in turn, was at 86.9% of the area up to May 24, more than the average over the last five years, of 83.2% – data from Conab.
(Cepea-Brazil)
Centro de Estudos Avançados em Economia Aplicada – CEPEA-Esalq/USP
