Tridge summary
The wheat market went through the week at a slow pace, with short variations and no defined direction, marked by the expectation surrounding new data that may redefine the movement of prices. The consultancy points out that the sector is following the proximity of the USDA's monthly report, the resumption of weekly statistics, and updates on supply in Argentina, Australia, and Russia, factors that help explain the environment of uncertainty and the oscillation within a narrow range of resistance and support.
Original content
Nevertheless, the average price remained above that recorded at the beginning of the month. With the advance in consumption after the end of the harvest in the United States and Russia, the market begins to depend on the volumes of the Southern Hemisphere, which will be concluded in December. After that, the flow of supply tends to decrease until May 2026, opening an off-season interval that may favor positive adjustments, especially in the CBOT, where the consultancy considers it opportune to position buy orders. In Brazil, the weather has once again been decisive. The combination of heavy rains, hail, and strong winds caused lodging and further reduced an already smaller crop. The long term indicates a trend of appreciation, but the short term keeps prices compressed by the still high supply. The expectation ...
Source: Agrolink
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