Grain market opens lower

According to TF Agroeconômica, international grain markets began this Monday (05/13) with a decline, with wheat standing out, which has seen five consecutive sessions of devaluation on the Chicago Stock Exchange. The July/25 contract closed at US$507.25 per bushel (-8.0), pressured by the improvement in crop conditions in the US and positive prospects for the harvest in Europe and the Black Sea. In Brazil, prices are also falling: CEPEA in Paraná fell 0.75% on the day, to R$1,551.43, while in Rio Grande do Sul it fell 2.53%, to R$1,431.17. Soybeans are showing a slight decline after recent gains driven by the tariff truce between the US and China and the reduction in American stocks estimated by the USDA. The Brazilian harvest is almost complete (98.5%) and the progress of planting in the US, which reached 48% of the expected area, is contributing to the profit-taking movement. In Chicago, the July/25 contract is trading at US$1,066.75 per bushel (-4.50), while in Brazil the ...