Exchange rate drops wheat prices in the South

The wheat market showed distinct movement among the southern states this week, reflecting the influence of foreign exchange, the progress of the harvest, and the difference between official estimates. According to information from TF Agroeconômica, the highlight was Rio Grande do Sul, where an FOB sale was recorded at US$ 221 per ton at the port of Rio Grande. In the state, Conab estimates a harvest almost double that indicated by Emater-RS, which may be stimulating sales. The volume sold already reaches 440 thousand tons, adding exports and deliveries to mills — in line with the same period in 2024. With the appreciation of the real against the dollar, prices have fallen to R$ 1,165.00 on wheels at the port, equivalent to R$ 1,010.00–R$ 1,015.00 inland. Mills remain out of the market, waiting for the progress of the harvest, while the "base" price continues to fall slowly, between R$ 59.00 and R$ 60.00 per sack. In Santa Catarina, the scenario is one of waiting. The harvest has ...