Cepea, July 1st, 2025 – Corn prices continue to move down in Brazil due to the perspective of high supply in the next weeks and to price drops in the international market. However, in some areas, especially in São Paulo, the downward trend has been limited by the delay of the second crop harvesting – crop activities have been interrupted by the rainfall and high soil moist.
The second crop harvesting reached 10.3% of the total in Brazil up to June 21, upping 6.4 percentage points in one week, but still below the 28% verified in the same period last year and the 17.5% observed on the average over the last five years – data from Conab.
In consuming regions, such as in São Paulo, values increased in some days in late June, influenced by the demand above the supply of standard corn – the recent rainfall has been limiting the supply of this type of cereal. The ESALQ/BM&FBovespa Index (Campinas, SP) downed 2.8% between May 30 and June 30, closing at BRL 67.02 per 60-kilo bag on June 30. In June, the Index averaged BRL 68.15/bag, the lowest since September 2024.
In producing regions, in turn, quotations are moving down more significantly due to the good development of crops and, consequently, to the perspective of high supply.
CROPS – The second crop harvesting has been limited by the rainfall and the excess of soil moist in major producing regions. The cold wave that hit the Central-Southern Brazil this week has concerned players about the possible occurrence of frosts, especially in Paraná and in Mato Grosso do Sul.
The summer crop harvesting was at 94.5% of the area up to June 21, more than the average over the last five years, of 93.7% – data from Conab.
(Cepea-Brazil)
Centro de Estudos Avançados em Economia Aplicada – CEPEA-Esalq/USP
