Wheat market remains slow in the South of the Country

The wheat market in the southern states of the country presents a slow pace and low fluidity in negotiations, influenced by seasonal factors, exchange rates, and the comfortable supply level of the industry. According to TF Agroeconômica, the end-of-year period contributes to the reduction of operations, with expectations of temporary shutdowns in mills and less urgency for purchases. In Rio Grande do Sul, negotiations are practically suspended, in a scenario marked by the proximity of the holidays and the schedule of cleaning and collective vacations in industrial units. It is estimated that around 1.55 million tons of the new crop have already been commercialized, equivalent to 42% to 44% of the production. 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 feed is priced at R$ 1,120 in December and R$ 1,130 in January, with the price of the ...