Wheat and corn prices fall, but soybeans gain strength in the market.

The grain market started this Friday (23) with pressure on wheat and cornwhile the soy It received support from signs of external demand. According to TF Agroeconômica, the opening of markets reflects the weight of global supply, Chinese purchases, and export conditions.

In the wheat market, Russian exports via the Baltic Sea continue to put downward pressure on prices in Chicago. In Brazil, Abitrigo estimates imports of 9 million tons this season, given the low quality of part of the national harvest. As a result, the trend is for prices to align with import parity, while foreign wheat is already appearing cheaper than some offers of type 1 wheat in Rio Grande do Sul. In Argentina, production could reach 23.8 million tons, the second largest in the last 17 years.

Soybean prices are finding support in market information regarding purchases by Chinese companies in the United States. Cofco reportedly acquired 18 shipments this week, while Sinograin is said to have acted in futures contracts to fix prices. Brazilian soybean export premiums rose five cents per bushel. Rain forecasts for central and southern Brazil and parts of Argentina are also on the radar, as is the reduction in positions nearing expiration in Chicago.

Corn opened lower, pressured by the second-largest harvest in the United States. Despite production losses in Europe, demand is being partially met by Ukraine. In Brazil, supply exceeding demand is keeping buyers cautious and limiting business, in a scenario of slower exports.

Among the indicators, the dollar futures were at R$ 5.0445, with a slight increase of 0.01%, while Brent crude oil advanced 1.47%, to US$ 114.57, a movement potentially favorable to soybeans and corn.