Wheat market in Brazil: Punctual negotiations reflect focus on harvest and sufficient supply

Published 2024년 2월 20일

Tridge summary

The Brazilian wheat market is currently experiencing limited negotiations due to specific transactions. As farmers are busy with the summer crop harvest and mills are well-stocked with raw materials, the supply for the medium term is secure. However, the demand for wheat bran is decreasing due to the increased availability of corn, a primary substitute in animal feed production. This situation has resulted in low liquidity in the wheat market, indicating a more restricted trading environment.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The scenario of negotiations related to wheat in the Brazilian market has been limited to specific transactions. As Cepea researchers point out, farmers are focused on harvesting the summer crop, while mills demonstrate that they are well supplied with raw materials, ensuring an adequate supply in the medium term. In the derivatives segment, demand for wheat bran is also weakening, driven by the greater availability of corn, which stands out as the main ...

Source: Portal Do Agronegocio