Downward pressure to be seen on corn in Brazil by May or June, says consultancy


Analyzing the National Supply Company (Conab) numbers, which put Brazilian summer corn production at 29.3 million metric tons and 59.6 million metric tons at the second corn crop, a downward pressure will be seen on corn prices, according to the consultancy Scot from the state of São Paulo.

“A greater availability of corn is a key factor for the fall of domestic prices. We forecast a downward pressure beginning in May or June with the summer crop harvested and consolidated data on the second corn,” the consultancy evaluates.


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