Wheat market ends the year with stalled negotiations

The wheat market in the South of the country is going through the end of the year with a reduced pace, occasional negotiations, and expectations focused on the effects of the next official auction. According to information from TF Agroeconômica, the scenario reflects the combination of comfortable industry stocks, seasonal stoppages, and widespread caution from market agents. In Rio Grande do Sul, negotiations are practically suspended, with mills preparing for temporary stoppages intended for cleaning and collective vacations. It is estimated that between 42% and 44% of the new crop production has already been commercialized, totaling about 1.55 million tons. The reference prices for milling wheat vary between R$ 1,100 and R$ 1,150 per ton at local mills, while at the port the values reach R$ 1,180 in December and R$ 1,190 in January. Wheat for animal feed is traded between R$ 1,120 and R$ 1,130 per ton, and the price of the stone in Panambi is R$ 54.00 per sack. Despite ongoing ...