Grain markets begin the year with mixed signals

The beginning of 2026 brought mixed movements for the main grains traded in international markets, with wheat and soybeans pressured by supply factors and technical indicators, while corn showed a sustained positive reaction supported by global demand. According to TF Agroeconômica, the scenario reflects the combination of broad fundamentals, fund behavior, and typical adjustments at the beginning of the year. In the wheat market, prices retreated on the Chicago Board of Trade, influenced by ample global availability. This high volume keeps buyers comfortable and reinforces a negative sentiment among funds. Even tensions in the Black Sea lose relevance in the face of abundant supply from other origins, such as Argentina, which can make up for any logistical failures in the region. FOB prices in South America indicate competitiveness, with references for Argentina, Uruguay, and Paraguay in different quality standards and shipping terms. Soybeans started the year under strong ...