Wheat, soybeans, and corn operate with slight adjustments in global markets

Wheat prices continue to rise slightly in international markets, driven by investor protection against the increasing competitiveness of American grains, although the appreciation of the dollar and the abundant global supply limit further increases. According to TF Agroeconômica, the harvest in the Southern Hemisphere has already begun, and private sources indicate that Algeria acquired 600 thousand tons in the last auction, surpassing expectations, with supply mainly coming from Romania, Bulgaria, and Ukraine. In the soybean market, prices are registering positive adjustments in Chicago, with the return of China to purchases from South America standing out. TF Agroeconômica indicates that Chinese buyers have acquired Brazilian and Argentine soybeans for the coming months, reactivating expectations about a possible trade agreement. Meanwhile, dry weather conditions in central Brazil and abundant rainfall in Argentina impact the progress of the harvest, and ABIOVE has raised the ...