Wheat registers appreciation in ports

Brazilian wheat ended the week with mixed signals on the market. According to data from the International Center for Economic Analysis and Agricultural Market Studies - CEEMA, the price of the grain rose on the Chicago Stock Exchange, closing May 15th at US$ 5.32 per bushel, compared to US$ 5.05 at the beginning of the week. The external appreciation was driven by climate concerns in the United States and technical adjustments in futures contracts, in addition to the upward movement observed in other cereals. Wheat, therefore, followed the positive trend and gained traction on the futures markets. In Brazil, however, the domestic scenario continues to be pressured by high stocks and low competitiveness of the national product. In Não-Me-Toque (RS), the price of wheat was R$ 70.00 per 60 kg bag, while in Pato Branco (PR) it reached R$ 80.00. There were no prices in other important producing regions. The exchange rate differential has favored imports, which makes the sale of ...