Launch of domestic corn prices for Brazil

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.”

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