US report sustains wheat and soybean decline

Agricultural markets start the day reflecting adjustments following recent movements, amid distinct signals among grains. In wheat, support comes from the American report that showed winter conditions below last year, a factor that helped maintain contracts on the rise. TF Agroeconômica points out that funds continued buying wheat and corn, bringing both closer to recent highs. In Rio Grande do Sul, however, quotations remain at the lowest level in the last two years, influenced by the difficulty in selling flours, the good supply of mills, and the reduced pace of export sales, which increases internal availability. In Paraná, the good quality of the new crop and the low carryover stocks stimulated demand and support a firm appreciation movement. Soybeans decline this Wednesday with profit-taking after the rise linked to Chinese purchases in the United States. According to the consultancy, new volumes above 1 million tons have been confirmed since the meeting between authorities ...