Southern Brazil wheat market faces challenges with slow movement and uneven quality

The wheat market in southern Brazil continues to be slow, with restricted negotiations in Rio Grande do Sul, Santa Catarina and Paraná. According to TF Agroeconômica, in Rio Grande do Sul, transactions remain scarce, as the prices requested by sellers are not compatible with the expectations of the mills. The latter have prioritized the flow of volumes previously contracted. In the state, prices are around R$1,250.00 in Planalto, R$1,220.00 to R$1,240.00 in the Celeiro region and R$1,200.00 in Missões. Mills in other locations face additional difficulties, such as ICMS taxation, reduced sales and the low quality of wheat produced in the state, with negative indices of strength (W), stability and falling number (FN). In Santa Catarina, despite the progress of the harvest, the demand for wheat from Rio Grande do Sul remains strong. Prices paid to wheat farmers range from R$74.00/bag in Canoinhas and São Miguel do Oeste to R$78.00 in Xanxerê, with CIF prices for mills ranging from ...