Wheat market closes the year with slow negotiations

The wheat market in the South of the country reaches the end of the year marked by a low pace of negotiations and expectations focused on punctual events. According to TF Agroeconômica, the scenario reflects the combination of supplied mills, the industrial holiday period, and little willingness for new business before the start of 2025. In Rio Grande do Sul, negotiations are practically suspended, with temporary shutdowns in mills for cleaning and collective holidays. The estimate is that between 42% and 44% of the new crop production has already been commercialized, equivalent to about 1.55 million tons. The reference prices for milling wheat vary between R$ 1,100 and R$ 1,150 per ton in local mills, while at the port the values are around R$ 1,180 in December and R$ 1,190 in January. For wheat destined for feed, the prices are close to R$ 1,120 in December and R$ 1,130 in January, with the stone quoted at R$ 54 per sack in Panambi. The predominant reading is of a comfortable ...