Uncertainties and Slowness Dominate the Wheat Market

According to TF Agroeconômica, the wheat market continues at a slow pace in the South of the country, with emphasis on Rio Grande do Sul, where planting resumed on Saturday (07/06) and is expected to gain momentum with the forecast of steady weather until 06/13. However, there are still uncertainties regarding the final cultivated area in the state, which should be smaller than last year. It is estimated that between 320,000 and 370,000 tons of wheat remain available for commercialization, with local mills practically supplied until the end of July. In the Rio Grande do Sul available market, business occurs sporadically and with prices varying according to location. Good quality wheat is traded between R$ 1,300.00 and R$ 1,400.00 per ton, with greater ease of sale for those near mills. Exports expected for December continue at R$ 1,305.00, but without mill movement. In Panambi, the bag price remained at R$ 70.00. In Santa Catarina, there were some sporadic deals, but outside the ...