Wheat market loses momentum in the South as year-end approaches

The wheat market in the Southern states started the week with a reduced pace of negotiations, reflecting the gradual closure of commercial and industrial activities at the end of the year. According to TF Agroeconômica, the scenario is marked by caution from buyers, ongoing balances, and preparation for periods of shutdown in mills, which limits new business in the short term. In Rio Grande do Sul, the week was considered weak, influenced by the expectation of temporary closure of mills for cleaning and collective vacations. With this, the year is heading towards the end with a traded volume of new crop estimated at 1.55 million tons, equivalent to about 42% to 44% of the production. Prices remain between R$ 1,100.00 and R$ 1,150.00 at local mills, while at the port wheat for milling is quoted at R$ 1,180.00 for December and R$ 1,190.00 for January. Wheat for feed is traded at R$ 1,120.00 in December and R$ 1,130.00 in January, with the producer price in Panambi at R$ 54.00. In ...