Wheat market offers profit opportunities

The wheat market has been presenting significant opportunities for profitability for those who closely follow price fluctuations. According to an analysis by TF Agroeconômica, well-structured operations, such as the Straddle strategy, buying and selling on the same day at the same strike, could have generated significant profits for mills and wheat buyers. The price variation has already provided gains of around R$ 350 thousand for every 3,500 tons acquired in the physical market, which, projected for the next nine months, could result in a cumulative profit of over R$ 3.1 million. Among the factors driving wheat prices up, the drop in Ukrainian exports stands out, which registered 5.61 million tons between July 1 and October 17, a reduction of 20.76% compared to the same period last year. Additionally, the low level of domestic and international prices may attract purchases from funds and importers, as demonstrated by the large volumes recently acquired by Turkey and Saudi ...