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In Brazil reduced corn stocks
The projections for corn yield of safrinha in Brazil deteriorated
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It is expected that this will reduce the carry-over stocks of cereal to 4.47 million tons with a monthly amount of consumption in the country at 4.5 million tons. Lower inventories also contribute not only to the active export of Brazilian corn, but high demand in the domestic market.

These trends contribute to the growth of corn prices. So, last week, the September corn futures on the stock exchange in Sao Paulo rose by 10.9%, despite promotion in the country harvest and the strengthening of the national currency.

According to experts, the difficult situation with the Brazilian grain will last at least a year.



Translated by service "Yandex.Translation"
Источники: Agro2b
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