Favorable weather supports summer crop planting.
Domestic corn prices have continued their upward trend in early November, according to the Center for Advanced Studies in Applied Economics (Cepea) at Esalq/USP.
On Friday (November 8), Cepea’s indicator, based on the Campinas (SP) region, showed an average price of R$ 74.64 per sack, marking a 2.33% increase since the start of the month.
Cepea researchers attribute this rise to strong domestic demand, which is expected to continue over the coming days as consumers seek to replenish their stocks.
Meanwhile, sellers are negotiating cautiously, focusing on fieldwork for the summer crop.
Weather conditions remain favorable for summer planting, reducing concerns about a delayed start to the 2025 second harvest, which might fall outside the ideal planting window.
As of November 3, 42.1% of the summer crop had been planted in Brazil, reflecting a weekly increase of 5.3 percentage points (p.p.) and 1.9 p.p. higher than the same period in 2023, according to data from the National Supply Company (Conab).
