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Corn rose 2.18% in the Cepea/Esalq Campinas indicator (SP) between October 26 and 30 while the Imea Mato Grosso price fell 2.19%, as the dollar rallied after Lula's re-election. Mato Grosso sold only 19.8% of the 2026/27 crop, and China is expected to buy just 900,000 t of US corn.
The divergence reflects weaker Mato Grosso selling pressure against firmer São Paulo port demand, leaving Brazilian domestic corn prices mixed. A weaker real and slow Chinese purchases of US corn keep the feed-grain outlook balanced for buyers.
campoempauta.com.brRedação Campo em PautaNov 3, 2026Not 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.
