Tridge summary
Grain markets start the day with slight adjustments, reflecting the progress of harvests and the expectation for new international data. According to TF Agroeconômica, wheat shows a moderate recovery in Chicago after recent declines, supported by the possibility of a reduction in the final stocks of the United States by the USDA. The movement, however, encounters limits in the face of the chance of increased export projections from major suppliers, such as Canada and Argentina. In Brazil, Conab reported that the national harvest reached 98% of the cultivated area, a pace similar to that observed in the last five years.
Original content
In soybeans, prices remain stable in Chicago, influenced by the wait for the WASDE report and weakened Chinese demand. Political uncertainties in the United States continue to pressure the market, with possible tariffs on agricultural products cited by the American government. The White House also announced the allocation of $12 billion to the agricultural sector, while China plans to auction part of its reserves to balance consumption. Despite the negative environment, new U.S. sales to the Chinese market were recorded. According to TF Agroeconômica, corn also operates on the rise, driven by the expectation of adjustments in the final stocks of the U.S. and the good performance of exports. The ethanol ...
Source: Agrolink
Would you like more in-depth insights?
Gain access to detailed market analysis tailored to your business needs.
Related market data
What to read next
Read more relevant content
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.