Wheat continues with low liquidity

The wheat market in southern Brazil remains stagnant, with low liquidity and tight margins for mills. According to TF Agroeconômica, in Rio Grande do Sul, negotiations continue to be punctual, concentrated for August and September, despite the slight increase of 0.31% in Cepea prices the previous day. Quality lots that allow reducing the dependence on Argentine wheat reach R$ 1,380.00/t in the interior, but are rare. Most offers are in the range of R$ 1,380.00/t at the mill in Serra and the metropolitan region, and R$ 1,350.00/t in the center of the state. Exporters pay R$ 1,300.00/t at the port for delivery in December, with 4% of the new crop already negotiated. In Santa Catarina, the scenario is one of stability, with mills operating only for replenishment and taking advantage of opportunities. The supply of wheat from Rio Grande do Sul prevents price increases, with prices between R$ 1,330.00 and R$ 1,360.00/t FOB, plus freight and ICMS. Imported wheat in Paranaguá is more ...