The average price of a bag of corn in Brazil was reported at 55.26 R$ or 10,12 € on April 30, marking a 2.92% decrease compared to 56.92 R$ or 10,42 € recorded at the end of March. Throughout April, the Brazilian corn market witnessed a decline in prices, attributed to speculation surrounding exchange rates and weather conditions, according to Safras Consultoria. However, the return of rainfall to areas facing drought in the safrinha production regions helped increase supply or lower grain prices. On the demand side, consumer interest in grains remains limited due to expectations of a favorable harvest season. Regarding exports, Brazil's participation remains limited on the international market due to strong competition with other countries like Argentina. On the global stage, the outlook in Chicago continues to be negative throughout April due to positive expectations for both planting and initial development of corn crops in the United States. According to Safras Consultoria, the trend for May suggests that prices will remain under pressure in the international market.

Pricing

• The average price of a bag of corn in Brazil was reported at 55.26 R$ on April 30, marking a 2.92% decrease compared to 56.92 R$ recorded at the end of March. In Cascavel, Paraná, the price of corn remained at 59.00 R$.
• In Campinas/CIF, the price decreased by 3.17% from 63.00 R$ to 61.00 R$.
• The price of a bag in Rondonópolis, Mato Grosso, decreased by 2.33% from 43.00 R$ to 42.00 R$.
• In Erechim, Rio Grande do Sul, the selling price increased by 12.28% from 57.00 R$ to 64.00 R$.
• The selling price in Uberlândia, Minas Gerais, decreased by 5.36% from 56.00 R$ to 53.00 R$, while in Rio Verde, Goiás, the price decreased by 16.07% from 56.00 R$ to 47.00 R$.

Exports

Brazil's corn exports in April (20 business days) generated 21.948 million US dollars, averaging 1.092 million US dollars per day. The total amount of corn exported by the country was 62.840 million tons, averaging 3.142 thousand tons per day. The average price per ton was 347.70 US dollars. Compared to April 2023, there was an 86.6% decrease in the average daily export value, an 88% decrease in the average daily quantity exported, and a 11.7% increase in the average price.