Brazil: Monthly wheat agricultural conjunct analysis by Cepea/Esalq/USP for September
Wheat
Brazil
Published Oct 8, 2021
Tridge summary
The harvest of the new wheat crop in Brazil began in September, with some optimism among market agents. Expectations are for record yields in two of the main producing states, the Rio Grande do Sul and Santa Catarina. In Paraná, the yield, although not reaching a record, should also grow compared to 2020. And, as the wheat harvest advanced in September – especially in Paraná – and cereal availability increased, liquidity heated up in the domestic market.
Original content
The harvest of the new wheat crop in Brazil began in September, with some optimism among market agents. Expectations are for record yields in two of the main producing states, Rio Grande do Sul and Santa Catarina. In Paraná, the yield, although not reaching a record, should also grow compared to 2020. And, as the wheat harvest advanced in September – especially in Paraná – and cereal availability increased, liquidity heated up in the domestic market . As for prices, they showed different movements between the regions monitored by Cepea. In this case, while the greater presence of buyers in certain markets and the retraction of sellers resulted in an increase in cereal prices, in other regions, the advance of the harvest increased supply and weakened prices. In September, the average price of wheat on the market available in Rio Grande do Sul was R$ 1,490.89/ton, a 2.6% decrease compared to August/21, but an increase of 24.4% compared to that of september/20. In Paraná, the average ...
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