According to the Center for Advanced Studies in Applied Economics (Cepea) at Esalq/USP, corn prices are rising across all regions monitored, reaching the highest levels of 2024.
On Friday, October 25, the Cepea index—based on the Campinas (SP) region—recorded a price of R$71.67 per 60-kilogram sack, reflecting an 11.46% increase since the beginning of October.
Cepea attributes these price increases primarily to sellers’ cautious approach. Many farmers are taking advantage of the return of rain to speed up summer crop planting, opting to sell corn on the domestic spot market only when necessary.
On the demand side, Cepea researchers report that buyers are actively seeking to replenish their inventories, further driving up prices.
In the field, summer crop planting is progressing well across most regions, aided by recent rainfall. A survey by the National Supply Company (Conab) reveals that, as of October 20, just over 32% of the area designated for the 2024/25 corn season had already been planted in Brazil.
