Importation of Argentine wheat grows, but quality of the grain worries mills

The Argentinian production was estimated at 24.5 million tons, according to the Rosario Stock Exchange, with total stocks reaching 28 million tons. The larger supply helps keep domestic prices under control, with the sack being traded between R$ 55.00 and R$ 66.00 in southern markets. However, technical visits carried out during the Abitrigo-Argentina Tour revealed concern about the absence of segregation in exports and the effects of the weather on the quality of the harvested wheat. Brazilian mills are on alert to avoid impacts on the national production of flours. The market is also monitoring currency movements. The slight depreciation of the real against the dollar in recent days favors imports, making Argentinian wheat more competitive. In Brazil, the harvest has already been completed in most producing regions. According to ...