Markets adjust pace with global supply

Agricultural markets started Tuesday with moderate variations, following adjustments derived from recent international price behavior, according to TF Agroeconômica. In wheat, prices retreated in Chicago after the appreciation of the previous week, influenced by the low volume purchased by China from the United States and the increase in production estimates in Argentina and Australia. The ABARES review raised Australian forecasts for wheat, barley, and canola, while private analyses projected a reduction in Russian supply until 2026 and slight growth in Ukraine. In the Brazilian market, physical values showed small declines in Paraná and Rio Grande do Sul. Soybeans registered a recovery in Chicago, following the rise in oil and reacting to the lows of the previous session. The market remains volatile, pressured by the need to evaluate data released earlier in the month and by uncertainties in global balances, where geopolitical factors remain relevant. U.S. exports advanced but ...