International prices squeeze Brazilian corn

The global corn scenario remains challenging, with a bumper crop in the United States and high inventories pressuring international prices. Recent data from the USDA indicate an average productivity of 188.8 bushels per acre and a total harvest of 425.3 million tons, with final U.S. inventories estimated at 53.8 million tons. For Céleres consultant Enilson Nogueira, the context suggests that prices should remain tight, requiring producers to pay attention to margin generation in the coming cycles.

Domestically, farmers face high interest rates, which make credit more expensive, and the need to monitor the exchange rate, currently in the range of R$ 5.40 to R$ 5.50 per dollar, which still ensures competitiveness but may affect margins if there is appreciation. "This scenario further reinforces the challenge for 2026, which should be another year in which the producer will need to look very closely at the element of margin generation," he highlights. The strategy pointed out by Nogueira is to focus on operational and productive efficiency, producing more with less, in addition to adopting assertive management of inputs and marketing. Financial planning and the use of agricultural technologies are considered essential to maintain profitability in the face of narrow margins. The guidance ...