Wheat: advancement of harvest pressures prices in Brazil

The harvest is advancing in the South with good productivity in Rio Grande do Sul, which increases supply and pressures prices. Conversely, there were losses in Paraná. Nevertheless, the values paid to the producer are far below the official minimum price of R$ 78.51 per sack. In light of this, the federal government has initiated PEP and PEPRO auctions, but the offered volumes are still insufficient to balance the market. The difference between the prices practiced and the minimum reaches 30% in Rio Grande do Sul and up ...