Launch of domestic corn prices for Brazil

Fastmarkets has launched five domestic corn price assessments for the Brazilian market as AG-CRN-0126 Corn, fas Paranaguá, Real/60kg; AG-CRN-0127 Corn, fas Santos, Real/60kg; AG-CRN-0128 Corn, cif North-Paraná Railway, Real/60kg; AG-CRN-0129 Corn, fob Sinop, Real/60kg; and AG-CRN-0130 Corn, fob Ponta Grossa, Real/60kg on Monday September 8.

Fastmarkets has launched these five Brazilian domestic corn prices aiming to complement market dynamics on export prices and domestic demand, giving customers a clearer idea on what is happening in one of the world’s biggest corn producers and exporters. In addition, the rapid increase in corn-based ethanol capacity has put those prices in the spotlight as the main supply for the growing demand for biofuels, paving the way to expand our coverage in this growing market.

The specifications are as follows:

AG-CRN-0126 Corn, fas Paranaguá, Real/60kg
Quality:
 Max 14.5% moisture, Max 1.5% foreign matter, Max 3% broken kernels and 5% of damaged kernels, as per ANEC contract 43.
Quantity: 30-45 tonnes
Location: FAS Paranaguá, Paraná, Brazil
Timing: Loading is the current calendar month on the assessment day for the first 15 days of the month, rolling over to the following calendar month on the 16 of each month.
Unit: Reais per 60kg bag
Payment terms: Up to 30 days after delivery
Publication: Daily, 5pm São Paulo time

AG-CRN-0127 Corn, fas Santos, Real/60kg
Quality:
 Max 14.5% moisture, Max 1.5% foreign matter, Max 3% broken kernels and 5% of damaged kernels, as per ANEC contract 43.
Quantity: 30-45 tonnes
Location: FAS Santos, São Paulo, Brazil
Timing: Loading is the current calendar month on the assessment day for the first 15 days of the month, rolling over to the following calendar month on the 16 of each month.
Unit: Reais per 60kg bag
Payment terms: Up to 30 days after delivery
Publication: Daily, 5pm São Paulo time

AG-CRN-0128 Corn, cif North-Paraná Railway, Real/60kg
Quality:
 Max 14.5% moisture, Max 1.5% foreign matter, Max 3% broken kernels and 5% of damaged kernels, as per ANEC contract 43.
Quantity: 30-45 tonnes
Location: CIF Maringá, Paraná, Brazil
Timing: Loading is the current calendar month on the assessment day for the first 15 days of the month, rolling over to the following calendar month on the 16 of each month.
Unit: Reais per 60kg bag
Payment terms: Up to 30 days after delivery
Publication: Daily, 5pm São Paulo time

AG-CRN-0129 Corn, fob Sinop, Real/60kg
Quality:
 Max 14.5% moisture, Max 1.5% foreign matter, Max 3% broken kernels and 5% of damaged kernels, as per ANEC contract 43.
Quantity: 30-45 tonnes
Location: FOB Sinop, Mato Grosso, Brazil
Timing: Loading is the current calendar month on the assessment day for the first 15 days of the month, rolling over to the following calendar month on the 16 of each month.
Unit: Reais per 60kg bag
Payment terms: Up to 30 days after delivery
Publication: Daily, 5pm São Paulo time

AG-CRN-0130 Corn, fob Ponta Grossa, Real/60kg
Quality:
 Max 14.5% moisture, Max 1.5% foreign matter, Max 3% broken kernels and 5% of damaged kernels, as per ANEC contract 43.
Quantity: 30-45 tonnes
Location: FOB Ponta Grossa, Paraná, Brazil
Timing: Loading is the current calendar month on the assessment day for the first 15 days of the month, rolling over to the following calendar month on the 16 of each month.
Unit: Reais per 60kg bag
Payment terms: Up to 30 days after delivery
Publication: Daily, 5pm São Paulo time

These prices are part of the Fastmarkets Grains package.

To provide feedback on this price or if you would like to provide price information by becoming a data submitter to this price, please contact Victor Gusmão by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Victor Gusmão, re: Brazil domestic corn.”

Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.

To see all Fastmarkets pricing methodology and specification documents, go to https://www.fastmarkets.com/methodology.

What to read next
Fastmarkets initially consulted on location of delivery, exact sizing and impurities of materials and payment terms following feedback that these parameters should be narrowed. But feedback from some market participants has been incomplete during the consultation period, requiring greater time to achieve clarity on these points. Furthermore, since the consultation launched, the UAE has announced a reverse […]
These changes are based partly on market feedback and on changes to regional production and SAF flows to Chicago and Los Angeles. Additionally, the calculations for feedstock production volume loss have been updated with market feedback. The new calculation assumes maximized SAF output at a hydrotreated esters and fatty acids (HEFA) production facility, and so […]
Fastmarkets is inviting feedback from the industry on its pricing methodology and product specifications for non-ferrous materials and industrial minerals, as part of its announced annual methodology review process.
The MB-W-0002 tungsten concentrate 65% WO3, in-whs China was incorrectly published as 45,000-46,000 yuan per tonne due to a typo error. This has been corrected to 450,000-460,000 yuan per tonne. Fastmarkets’ pricing database has been updated to reflect this change. This price is part of Fastmarkets’ ores and alloys physical price package. For more information or to provide […]
Understand the Brazil steel outlook and what anti-dumping measures mean for market stability and growth in the coming year.
Fastmarkets wishes to clarify how conditional bids and offers are used in its CFR China iron ore price assessments.