As the new season starts, corn is the new commodity to be executed in Covantis platform.
Based on ANEC export data, companies that already joined Covantis represent 82% of the last season corn volumes, shipped and chartered out of Brazil. A wide market coverage enables platform users to efficiently perform their post trade execution processes in Covantis.
In the last few months the platform has seen an increase of soybeans contracts execution, capturing 70% of the volume chartered out of Brazil in the month of June. With the soybeans season coming to an end, many users will now shift their focus to the corn shipments to come.
We are excited to support our clients in the execution of corn vessels and to expand our network further, while continuing to grow the value we offer to our customers.