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Cepea, July 18, 2024 – Corn prices continue to move down in most regions surveyed by Cepea, especially in the Central-Western Brazil, where the second crop supply is higher, due to the progress of the harvesting. Moreover, estimates released in mid-July indicating higher output also influenced price drops.
Despite decreases, purchasers are unwilling to close trades, expecting more significant price drops
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Fonte: Cepea