
Brazilian corn quotes rose again in the past week, supported by a stronger dollar and higher port prices, according to Cepea. The Campinas indicator closed Friday at R$65.64 per 60-kg bag, up 1.97% on the week, but still fell 4.41% over October.
Of 39 regions tracked by AgRural, 36 recorded monthly declines in October.
A firmer real-dollar exchange rate and port premiums support Brazilian corn export parity, while slow farmer selling and cautious buyers keep domestic feed costs in a narrow range. The monthly decline signals ample local supply heading into harvest.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.