date:May 26, 2016
quidity is low, as buyers are reluctant to trade at current levels.
According to analysis by the Center for Advanced Studies in Applied Economics (Cepea), many buyers are awaiting the arrival of the produce from the second harvest. Sellers, however, are standing firm and demanding increasingly high prices.
In Paran and Santa Catarina, there is fierce competition for corn, and the grain has been traded at over $15.21 per bushel. The loss of the second-corn harvest only worsens this scenario, an