Markets react to global supply and USDA expectations

The day begins with adjustments in grains amid an environment marked by technical movements and a broad global supply reading. According to TF Agroeconômica, wheat opened pressured by profit-taking after recent highs and the weight of an abundant global harvest, which placed December contracts in Chicago slightly below the previous close. In the Brazilian market, the disinterest of mills in Rio Grande do Sul keeps prices falling, while the good quality of the product from Paraná has increased demand and generated a slight advance in negotiations. In this context, soybeans start the session in the opposite direction, supported by the American market's expectation of new Chinese purchases, a perception that the consultancy assesses as fragile in light of daily information coming from the sector. Nonetheless, the momentum keeps Chicago on the rise. In Brazil, the steady pace of exports and domestic consumption continues to guarantee monthly gains both in the interior of Paraná and at ...