Market starts the week with an eye on the US-China agreement

Published May 12, 2025

Tridge summary

The international grain market is experiencing dynamic movements due to the recent tariff agreement between the United States and China, leading to slight increases in wheat prices, and more significant recoveries in soybeans and corn. Despite local challenges in Brazil, there are signs of price stabilization. Wheat faces pressure from the upcoming US winter harvest, and Brazilian prices fluctuate based on harvest and exchange rates. Soybeans are on the verge of increased demand from China, driving up prices on the CBOT. Corn prices in Chicago are slightly rising, influenced by the prospect of new trade agreements and anticipated USDA report. In Brazil, corn prices are declining, with fluctuations in the Brazilian market and concerns about weather affecting US production.

Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to an analysis by TF Agroeconômica, the international grain market began the week with distinct movements for wheat, soybeans and corn, mainly influenced by the recent tariff agreement between the United States and China. Wheat was trading slightly higher after four weeks of decline, while soybeans and corn showed a more significant recovery in Chicago. In Brazil, local prices are still feeling the pressure of the harvest and exchange rate fluctuations, despite signs of recovery. In the case of wheat, the July/25 CBOT contracts closed at US$ 520.50 (-1.25), with a high of US$ 526.25 and a low of US$ 515.50. The winter harvest in the US is expected to begin in up to three weeks, putting additional pressure on prices. In Brazil, prices fell in Paraná (R$ 1,563.20, -1.60% on the day), but rose in Rio Grande do Sul (R$ 1,468.37, +0.50%). Despite the slight drop in the price of imported wheat, it is still around R$300/t more expensive than the domestic product from Rio ...

Source: Agrolink