Wheat: weather in the last week of May favored, and the cultivation of the new crop advanced in the South of the Country

Brazilian and world wheat estimates remain optimistic, and in Brazil, attractive prices should result in a larger area with the crop In the last week of May, the climate favored, and the cultivation of the new wheat crop advanced in the South of Therefore, estimates started to indicate high production. In global terms, USDA data indicates that wheat production is expected to increase, as well as consumption, sales and cereal stocks. Conab data indicate that the wheat area in the country should be 1.09 million hectares, 2.4% above the previous season. The areas of Rio Grande do Sul and Santa Catarina are expected to remain stable, while that of Paraná is expected to grow 5.5%. The national average productivity is estimated at 2.6 t / ha, 3% higher than in 2019. With that, the offer is expected to be 5.43 million tons, 5.4% higher than the previous harvest. Conab also revised the supply and demand data for the 2019 season (August / 19 to July / 20), increasing consumption to 12.5 ...