Southern Brazil's wheat market faces low liquidity and price adjustments

The wheat market in southern Brazil is going through a difficult period, with low liquidity and a large mismatch between supply and demand. According to information from TF Agroeconômica, mills in the region are facing high inventories and demand below expectations, which has made it difficult to conduct business. In Rio Grande do Sul, the lack of negotiations is evident, with prices for delivery in December varying around R$1,250.00 CIF in Serra. However, this value is considered unviable for sellers, who have difficulty in closing sales. For January, offers fluctuate between R$1,220.00 and R$1,230.00 in the interior, but liquidity remains limited. Although some mills outside the region are still interested, transactions have been isolated. In Santa Catarina, the scenario is no different, with the market facing slowdown due to low demand for flour. Local mills offer prices of around R$1,350.00 CIF for wheat with deferred delivery, but wheat growers are asking for higher prices, ...