Harvest in the US puts pressure on grain prices.

The international grain market begins the week under pressure from the harvest in the United States and after a round of losses in the main agricultural exchanges. According to TF Agroeconômica, profit-taking gained strength on Friday, while export figures fell short of expectations for wheat and soy And the strengthening of the euro against the dollar weakened the prices.

In wheat, the December contract in Chicago lost support at US$ 6.70 per bushel, equivalent to approximately US$ 246 per ton. Weekly sales from the United States totaled 320,000 tons, disappointing the market. In Europe, the prospect of a weather-favored Australian harvest increases competition and limits price support.

Soybeans started Monday near stability, with attention focused on the resumption of Chinese purchases. The USDA confirmed private sales of 558,000 tons to China on Friday, bringing the total volume announced in three days to 1.358 million tons. This movement offers some support to prices, but dry weather in the American Midwest favors the progress of the harvest and increases the availability of the grain.

In the corn market, US exports showed greater strength, with weekly sales of 1.122 million tons, above forecasts. Even so, the December contract fell below US$4.80 per bushel, to around US$189 per ton.

For the next few days, traders are monitoring USDA reports on export inspections and harvest progress. In Brazil, the dollar futures contract opened at R$ 5.09, with a slight decline of 0.08%, adding another element to the formation of domestic prices.