Wheat: prices should rise even with the start of the new harvest

Published Sep 18, 2020

Tridge summary

Despite the start of the new harvest in Brazil, domestic wheat prices are expected to remain high due to several factors including firm quotations on the international market, a stronger dollar, and reduced projections for the 2020/2021 Argentine harvest. From January to September 2020, wheat grains FOB to the producer in Paraná saw a significant increase of 31.7%, while in Rio Grande do Sul, quotations rose 1.2%. In the derivatives market, flour prices have remained firm, while wheat bran prices hit record highs in September.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Domestic wheat prices are expected to remain at higher levels, even with the beginning of the new harvest of the Brazilian harvest in 2020. This is indicated by a new analysis made by Cogo - Inteligência em Agronegócio. According to Cogo, between January and September 2020, prices of wheat grains FOB to the producer in Paraná registered a strong increase of 31.7%, but decreased 5.7% in the last 30 days, while in Rio Grande do Sul, quotations rose 1.2% in the last, as part of the state's crop was affected by frosts. In addition, the reduction in projections for the 2020/2021 Argentine harvest, firm quotations on the foreign market and the higher dollar this year support domestic quotations. In the ...

Source: CanalRural