Updated estimates should guide soybean, corn, and wheat prices

The movement in agricultural markets begins the day influenced by adjustments in international exchanges and the expectation surrounding new official data. The TF Agroeconômica points out distinct reactions among wheat, soybean, and corn in the face of the external scenario and supply projections. In wheat, the rise in Chicago reflects persistent fund purchases, even in an environment of considered ample supply. The December lots recorded an advance while the physical markets of Paraná and Rio Grande do Sul had discreet variations. The consultancy indicates that the harvest continues at an accelerated pace in the Southern Hemisphere and that the confirmation of record production in Argentina, estimated at 24.5 million tons, should expand exports far beyond what was estimated by the American agency in September. Soybean operates with a slight rise in Chicago on a day marked by the return of the USDA report after forty-three days of interruption. Export premiums remain stable in ...