Southern wheat maintains focus on exportation

The wheat market in southern Brazil continues under pressure, with business concentrated on exports and prices falling in major hubs. According to data from TF Agroeconômica, Rio Grande do Sul has already recorded around 140 thousand tons traded, combining the domestic and external market, a volume considered low in view of the potential harvest between 2.7 and 3.2 million tons. In the state of Rio Grande do Sul, the weather improved between Tuesday and Wednesday, allowing for punctual progress in the harvests, which are expected to continue until the weekend before the arrival of new rains. In the market, operations are being made primarily for export at R$ 1,160.00 per ton on wheels at the port of Rio Grande, which is equivalent to about R$ 1,000.00 in the interior. This difference, caused by the increase in freight, has resulted in a distortion in relation to the price of wheat — which should be around R$ 58.00/sack in Panambi, but still remains at R$ 64.00. Mills remain absent ...