Corn closes below key threshold amid weak demand and more flexible sellers

Corn traded in the Brazilian spot market settled at R$ 68.53 per 60-kg bag, as buying interest remained subdued throughout the session. Sellers showed greater willingness to negotiate, but the lack of active demand kept traded volumes low.

Brazil's physical corn market ended the session on a bearish note, with the commodity changing hands at R$ 68.53 per bag. The price movement reflected a mismatch between market participants: sellers, including producers and trading firms, were more open to granting discounts, while industrial buyers and other purchasers held back, showing no urgency to build up inventories.

Weak demand has been a persistent theme in recent sessions, driven in part by adequate near-term domestic supply and by market caution stemming from currency volatility and futures price fluctuations on the B3 exchange. These combined factors erode seller leverage and are likely to keep spot prices under pressure in the near term.

For producers still holding grain, cash flow management and carry costs deserve close attention. Tracking shifts in industrial demand and signals from international markets will be key to identifying the most advantageous selling window over the coming weeks.