In the Paraguayan corn market, the difference is still US$ 10/ton between seller and buyer, according to information released by TF Agroeconomic. Both sellers and buyers have concerns about prices, as there is a difference between what they want. This disagreement has been slowing the market for several days, and there are no signs of changes in current prices, which fall between a range of values. As a result, the market is likely to remain sluggish in the coming days.
“Pricing questions arise on both sides of the market, sellers seeking 180.00 U$D/MT FAS Assunção and buyers targeting 170.00 U$D/MT, we have already seen this gap for several days, causing the market to slow down . Nothing tells us that the price would rise to current levels, which are between 170.00 – 172.00 dollars per ton. If our logic holds, we will see more days of a very slow market”, he adds.
In Argentina, FOB American corn was seen at US$ 219, Argentine corn at US$ 214 and Brazilian corn at US$ 222. “The approximate prices of Argentine corn FOB closed at around US$ 219 for November, US$ 213 for December and US $220 for January. Flat corn prices fell to US$219 FOB in the USA, fell to US$214 FOB Up River (official), in Argentina, rose to US$222 FOB in Santos, Brazil, are at US$220 FOB in France, they are at US$ 210 FOB in Romania, they are at US$ 205 in Russia and US$ 185 in Ukraine”, he indicates.
“Corn export deals are based on premiums, but we convert them here into US$/t to give an idea of what they could mean in terms of effective cost for Brazilian importers”, he concludes.