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Brazilian farmers are concerned that falling corn prices and dry weather could make the 2022/23 safrinha crop unprofitable. In Candido Mota, southern Sao Paulo, corn is showing moisture stress after more than three weeks without rain, and cash prices have fallen to R$50 per sack.
In eastern Mato Grosso, prices are even lower at R$45.50 per sack and still falling.
Low prices and high production costs could reduce planting or input use in future crops, while dry weather threatens current yields. The net effect on near-term supply and prices is mixed.
ukragroconsult.com23 may 2023Tras 445 eventos neutral de clima pasados, Maíz se movió una mediana de +0,1 % en 5 sesiones (52% al alza; mitad central entre -1,4 % y +1,6 %), y +0,7 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
