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Corn: Amid uncertainties, agents retract and price stabilizes
Liquidity in the spot markets and contracts fell further last week, according to Cepea information.
The devaluation of the real against the dollar during this period meant that sellers would create expectations of increased export parity. In the international market, prices recorded strong fluctuations last week. In this scenario, Brazilian sellers flinched, even considering that the second crop of corn should be high. Between 21 and 28 May, the indicator ESALQ / BM & FBovespa (Campinas - SP) fell 0.28%, closing at R $ 25.01 / bag of 60 kg on Monday, 28. If we consider the discount rate NPR, also in the region of Campinas, the average spot price was R $ 24.52 / sc 60 kg, down 0.6% over the same period.
Source: Source: Cepea
