Corn prices in the Center-South of Brazil continue to rise with limited supply and good demand. Compared to October 2023, Brazil\'s corn exports dropped 38.6% in the average daily export value.

<div class=\"default-font-wrapper\" style=\"line-height: 1;font-size: 12pt; font-family: Verdana, Geneva, sans-serif;\"><p id=\"isPasted\" style=\'box-sizing: border-box; margin-top: 0px; margin-bottom: 26px; overflow-wrap: break-word; color: rgb(34, 34, 34); font-family: Verdana, BlinkMacSystemFont, -apple-system, \"Segoe UI\", Roboto, Oxygen, Ubuntu, Cantarell, \"Open Sans\", \"Helvetica Neue\", sans-serif; font-size: 15px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;\'><font style=\"box-sizing: border-box; vertical-align: inherit;\"><font style=\"box-sizing: border-box; vertical-align: inherit;\">Corn planting for the 2024/25 summer crop in the Center-South of Brazil reached 52.9% of the estimated area of 3.675 million hectares as of Friday (18), according to a survey by Safras &amp; Mercado.</font></font></p><p style=\'box-sizing: border-box; margin-top: 0px; margin-bottom: 26px; overflow-wrap: break-word; color: rgb(34, 34, 34); font-family: Verdana, BlinkMacSystemFont, -apple-system, \"Segoe UI\", Roboto, Oxygen, Ubuntu, Cantarell, \"Open Sans\", \"Helvetica Neue\", sans-serif; font-size: 15px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;\'><font style=\"box-sizing: border-box; vertical-align: inherit;\"><font style=\"box-sizing: border-box; vertical-align: inherit;\">&nbsp; &nbsp; Corn cultivation reached 90.1% of the estimated area of 999 thousand hectares in Rio Grande do Sul, 80.2% of the estimated area of 601 thousand hectares in Santa Catarina, 82.3% of the estimated area of 532 thousand hectares in Paran&aacute;, 19% of the estimated area of 300 thousand hectares in S&atilde;o Paulo, 6.5% of the projected area of 881 thousand hectares in Minas Gerais, 16% of the estimated area of 27 thousand hectares in Mato Grosso do Sul and 2.1% of the estimated area of 290 thousand hectares in Goi&aacute;s/Federal District. In Mato Grosso, cultivation work has not yet started.</font></font></p><p style=\'box-sizing: border-box; margin-top: 0px; margin-bottom: 26px; overflow-wrap: break-word; color: rgb(34, 34, 34); font-family: Verdana, BlinkMacSystemFont, -apple-system, \"Segoe UI\", Roboto, Oxygen, Ubuntu, Cantarell, \"Open Sans\", \"Helvetica Neue\", sans-serif; font-size: 15px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;\'><font style=\"box-sizing: border-box; vertical-align: inherit;\"><font style=\"box-sizing: border-box; vertical-align: inherit;\">&nbsp; &nbsp; In the same period last year, planting was completed on 58.8% of the estimated area of 3.972 million hectares. The average planting over the last five years is 54.5% in the period.</font></font></p><p style=\'box-sizing: border-box; margin-top: 0px; margin-bottom: 26px; overflow-wrap: break-word; color: rgb(34, 34, 34); font-family: Verdana, BlinkMacSystemFont, -apple-system, \"Segoe UI\", Roboto, Oxygen, Ubuntu, Cantarell, \"Open Sans\", \"Helvetica Neue\", sans-serif; font-size: 15px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;\'><font style=\"box-sizing: border-box; vertical-align: inherit;\"><font style=\"box-sizing: border-box; vertical-align: inherit;\">EXPORTS</font></font></p><p style=\'box-sizing: border-box; margin-top: 0px; margin-bottom: 26px; overflow-wrap: break-word; color: rgb(34, 34, 34); font-family: Verdana, BlinkMacSystemFont, -apple-system, \"Segoe UI\", Roboto, Oxygen, Ubuntu, Cantarell, \"Open Sans\", \"Helvetica Neue\", sans-serif; font-size: 15px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;\'><font style=\"box-sizing: border-box; vertical-align: inherit;\"><font style=\"box-sizing: border-box; vertical-align: inherit;\">Brazil&#39;s corn exports generated revenue of US$ 778.523 million in October (14 business days), with a daily average of US$ 55.608 million. The total amount of corn exported by the country was 3.913 million tons, with an average of 279.553 thousand tons. The average price per ton was US$ 198.90.</font></font></p><p style=\'box-sizing: border-box; margin-top: 0px; margin-bottom: 26px; overflow-wrap: break-word; color: rgb(34, 34, 34); font-family: Verdana, BlinkMacSystemFont, -apple-system, \"Segoe UI\", Roboto, Oxygen, Ubuntu, Cantarell, \"Open Sans\", \"Helvetica Neue\", sans-serif; font-size: 15px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;\'><font style=\"box-sizing: border-box; vertical-align: inherit;\"><font style=\"box-sizing: border-box; vertical-align: inherit;\">&nbsp; &nbsp; Compared to October 2023, there was a 38.6% drop in the average daily export value, a 30.5% drop in the average daily quantity exported and an 11.7% devaluation in the average price. The data were released by the Secretariat of Foreign Trade.</font></font></p><br><br><br><br><br><br><br><font style=\"box-sizing: border-box; vertical-align: inherit;\"><font style=\"box-sizing: border-box; vertical-align: inherit;\">Source: Safras &amp; Mercado</font></font></div>