🌽 Corn Market Surge: Brazil’s Record Harvest and Global Impacts 🌍

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📊 Market Overview: Corn Futures and Prices

Brazil is set to dominate the global corn market with a historic high harvest projected for the 2024/25 season. Favorable weather conditions and an increase in sown areas have boosted the outlook, with Brazil’s National Supply Company (CONAB) estimating a production of 124.7 million metric tons, an 8.5% increase from the previous year. The United States Department of Agriculture (USDA) offers an even more optimistic forecast of 126 million tons due to expanded cultivation areas.

📈 Current Prices and Trends

Product Price ($/kg) Previous Price ($/kg) Change (%) Update Date
Yellow Feed Grade Corn 0.26 0.26 0% 2025-05-02
Popcorn 0.85 0.83 +2.41% 2025-04-29
Yellow Corn (France) 0.29 0.27 +7.41% 2025-04-29
Organic Corn Starch (India) 2.07 2.05 +0.98% 2025-04-29
Corn (Ukraine) 0.22 0.21 +4.76% 2025-04-29

📉 Market Drivers

  • Record production forecasts in Brazil due to favorable weather and expanded acreage.
  • Tight global stocks, particularly in Brazil, are expected to bolster prices.
  • Strong domestic and international demand continues to support the market.

Weather Outlook – Key Growing Regions

Heavy rains in Mato Grosso have significantly benefited the early season crops. However, weather forecasts predict a drier period which might affect the later stages of crop development.

Mintec Global

📈 Global Production and Stocks

Brazil’s influence on the global corn market is growing, with production potentially reaching 130 million tons by the 2025/26 season. Current global stocks are tight, with Brazil’s stocks at a historic low but expected to recover slightly.

🔮 3-Day Price Forecast

Given the current market dynamics, corn prices are expected to remain stable with a slight upward trend due to tight global supplies and robust demand.