Wheat: Restricted supply keeps the market stalled in the South

The marketing of wheat in the South of the country continues to be marked by restricted supply, cautious demand, and logistical pressure. A survey by TF Agroeconômica points out that producers and mills are adjusting their strategies in the face of limited stocks and higher costs. In Rio Grande do Sul, the estimate is around 840 thousand tons still available for sale. Considering the monthly milling need between 208 thousand and 242 thousand tons and an average volume of 120 thousand tons per month until the next harvest, the state may face a raw material deficit starting in April, which supports the expectation of rising prices. The market remains stalled, with many sellers focused on the corn harvest. Asking prices in the interior range around R$ 1,100.00, while mills offer between R$ 1,050.00 and R$ 1,060.00 for delivery in March and payment in April. The price to the producer remains at R$ 54.00 in Panambi. The increase in international freight, from US$ 18 to US$ 21.45 per ...