Wheat in Southern Brazil: Slow market

The wheat market continues at a slow pace in southern Brazil, with limited deals and prices slightly falling. According to TF Agroeconômica, the crops in Rio Grande do Sul are developing well, with recent rainfall between 15mm and 70mm, although there are reports of lodging in some regions due to wind. About 12% of the areas are in vegetative development, 38% in flowering, 35% in grain filling, and 10% in maturation, with few areas harvested, still below 1% of the total. Tillering was considered excellent, with an expected production of over 3,200,000 tons and productivity above 3,000 kg/hectare. In the state, available wheat remains idle, with mills covered and following price and exchange rate fluctuations. Recent indications point to R$ 1,100.00 in the interior for withdrawal in October and payment in November, while the futures market operates sideways, with small deals at R$ 1,150.00 per mill, still without significant closing. For export, December prices hover around R$ ...