PopiMAX
PopMAX
CornMAX
CornMAX White
SnackMAX 300
SnackMAX 200
SnackMAX 1515
BeerMAX
SemMAX
FecoMAX 1
FecoMAX 2
CremMAX
FiberMAX
GerMAX
No one knows
more about corn
than us!
Industrial Responsibility
Quality and production control
Agriculture and cultivation
Discover the origin of our raw material
Drought in the US can increase Brazilian corn exports and help balance internal market
The drought that has affected maize crops in the United States and causing decline of the US crop cereal can leverage the Brazilian grain exports, causing the internal market to achieve an adequate level of supply and demand.
This is the opinion of Vlamir Brandalizze analyst, designing an expected 12 million to 14 million tons of corn exported until next year if the US really keep dry and confirm a fall in production of the country.
The outlook comes as a counterpoint to the downward trend in cereal scenario at the domestic market, caused by the expected corn super harvest in Brazil, which would tend to push prices down with the high bids, putting the grain surpluses in the market.
According to a report from the Department of Agriculture North American USDA), the drought in the country has already damaged the vitality of the plants in the fields of corn, reducing the crops in good states of 52% to 45%. To Brandalizze, losses in the United States has influenced the Brazilian market: "There have been increases in prices, and the export of maize has also presented advance" he says.
The domestic corn market this week went through a phase of stability and slight increase, according to the analyst. The harvest of the second crop, according Brandalizze, is at a slower pace than in previous years because the crops are very humid, which makes producers expect maize lose moisture in the field so they do not dry the grain, which increase costs. The pace of the harvest, however, should already increase in the coming weeks, depending enough improvement in the weather.
How the different producing regions of Brazil should increase the speed of work and start reaping the corn at the same time, supply will be higher and there should be downward pressure next week on, if the Chicago market does not exercise support in the scenario .
In the international market, the scenery is very positive prices. Future cereal traded on the Chicago Stock Exchange recorded consecutive days of hard-hitting high on expectations that the adverse weather conditions will drastically reduce production in the country.
Source: Source: Agricultural News
