Wheat harvest advances in the South, but with prices unresponsive

The wheat harvest is progressing slowly in southern Brazil, while prices remain unable to react, even with increases on international exchanges. According to data from TF Agroeconômica, around 14% to 15% of the area has already been harvested in Rio Grande do Sul, with quality considered average but better than the previous harvest. The samples analyzed so far indicate a PH around 7.8, an average gluten strength (W) of 220, reaching peaks of 270, and a protein content close to 12%. However, there are reports of DON incidence, associated with Giberella pressure, favored by the reduction in preventive treatments due to costs. The concern now is with the predicted rains, which may further compromise the quality of the grains. In the market, prices remain stable, not reflecting the increases in Chicago and Matif. The wheat from Rio Grande do Sul is quoted at around R$ 1,100.00 per ton at the mills in the Serra and Metropolitan Region, while the FOB price does not exceed R$ 1,000.00, ...