News

Brazilian wheat market gets stuck with producers focused on crops

Wheat
Brazil
Published Aug 16, 2022

Tridge summary

The dynamics of wheat commercialization in Brazil continues without major changes in recent days. According to SAFRAS & Mercado analyst, Élcio Bento, producers continue to focus their attention on the management of new crop crops. The mills adopt a withdrawn posture and indicate prices that are well below the requests of the first ones.

Original content

Wheat planting for the 2022 crop reached 99.1% of the area, according to a report by the National Supply Company (Conab), with data collected until August 6. In the previous week, planting reached 98.1%. In the same period last year, sowing reached 100% of the area. Brazilian wheat production in 2022 is expected to reach 9.16 million tons, according to the 11th survey for the Brazilian grain harvest by Conab, against 7.68 million tons the previous year. In July, the forecast was 9.03 million tons. The Department of Rural Economy (Deral), of the Secretary of State for Agriculture and Supply of Paraná, informed, in its weekly report, that 6% of wheat crops are in the maturation phase. The others are in fruiting (28%), flowering (31%) and vegetative development (35%). The area is estimated at 1.171 million hectares, against 1.226 million hectares in 2021, down 4%. According to Deral, 87% of wheat crops have good development conditions, 11% are in an average situation and 2% are in ...
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