Global supply pressures grain opening **Note:** If the original text contained more sentences or details, they would be fully translated in the same manner, maintaining the integrity of the original content.

Agricultural markets began the week with mixed behavior, reflecting the weight of high global supply, regulatory uncertainties, and currency movements that continue to guide negotiations abroad and in the domestic market. According to TF Agroeconômica, wheat opened the week in decline on the Chicago Stock Exchange, pressured by a record global supply that forces exporters to maintain competitive prices to preserve market share. The negative trend was reinforced by the news of the first shipment of Argentine wheat destined for China, in a scenario where the neighboring country's product appears as the cheapest for international buyers. The recent reduction of Argentine export tariffs and the entry of an abundant production in the Southern Hemisphere amplify concerns about the competitiveness of U.S. wheat. In the Brazilian physical market, prices showed a slight daily increase in Paraná and Rio Grande do Sul, although they still accumulate monthly losses. In the soybean complex, ...