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Wheat prices rise, and crop quality is a concern for the market.

The market of wheat In the south of the country, prices are firm and there is increased activity in some regions, while the quality of the new harvest is a concern for buyers and sellers. According to TF Agroeconômica, Rio Grande do Sul saw more activity this week, with mills seeking lots of... wheat The old system was already guaranteed, and deals were made at R$ 1,500 per ton in the interior, while sellers started asking between R$ 1,550 and R$ 1,600.

In the state, the harvest begins with reports of wheat affected by Fusarium head blight and other fungal diseases, with pH between 70 and 76. For quality product, buyers are indicating prices between R$ 1,350 and R$ 1,400 in the interior. In Panambi, the over-the-counter price rose R$ 1 per sack, reaching R$ 72.

In Santa Catarina, mills are stocked and shipping volumes already purchased. There were some isolated deals at R$ 1,520 FOB, while sellers show little interest in negotiating given the expectation of higher prices associated with the rains. There is still no supply of new wheat. At the farm gate, prices remained stable, ranging from R$ 66.83 in Joaçaba to R$ 78 in Xanxerê and Chapecó.

In Paraná, prices remain firm, and producers with higher-quality wheat are maintaining high asking prices. There are reports of negotiations at R$ 1,600 FOB in the North and R$ 1,580 FOB in Tibagi, while buyers indicate prices from R$ 1,400 to R$ 1,500 depending on the delivery time. Mills in the North and West report wheat with a pH of up to 72/73 and falling wheat of up to 200, with damage from blast, Fusarium head blight, and persistent rains. Paraguayan wheat is between US$ 313 and US$ 315 CIF mill, and Argentinian wheat is at US$ 310 in Paranaguá. The scenario keeps attention focused on the quality of the available grain and the pace of offers from the new harvest.

 

THE MM Cereais works with the best grains on the market and also keeps you up to date with the latest news and analyses on agribusiness.
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